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Tag: Gregg McClymont

  • Gregg McClymont – 2014 Parliamentary Question to the Cabinet Office

    Gregg McClymont – 2014 Parliamentary Question to the Cabinet Office

    The below Parliamentary question was asked by Gregg McClymont on 2013-05-08.

    To ask the Minister for the Cabinet Office, what discussions he has had with officials in his Department on how the accounting officers’ conventions would apply to investment in Scotland in advance of the referendum on Scottish independence in 2014.

    Danny Alexander

    I have been asked to reply on behalf of the Treasury.

    The UK Government is not planning for independence as it believes that people in Scotland will vote to remain within the UK. As such, the Government has made no assessment of the risk of losses to the public purse, and has no plans to change accounting officers conventions

  • Gregg McClymont – 2014 Parliamentary Question to the Department for Work and Pensions

    Gregg McClymont – 2014 Parliamentary Question to the Department for Work and Pensions

    The below Parliamentary question was asked by Gregg McClymont on 2014-03-11.

    To ask the Secretary of State for Work and Pensions, what recent estimate he has made of the number of people of pensionable age providing unpaid childcare support.

    Steve Webb

    The information requested is not available. The Childcare and Early Years Survey of Parents estimates that grandparents provided informal childcare for 1.8m children in 1.4m families in 2012/13 with 4% of these families making some form of payment to the grandparent. We are unable to identify the ages of these grandparents; previous studies have shown that around half of grandparents are aged over 65.

    Source for grandparent age distribution:

    https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/220274/eia-ni-credits-changes.pdf

    Source for Childcare and Early Years Survey of Parents:

    https://www.gov.uk/government/publications/childcare-and-early-years-survey-of-parents-2012-to-2013

    “

  • Gregg McClymont – 2014 Parliamentary Question to the Department for Work and Pensions

    Gregg McClymont – 2014 Parliamentary Question to the Department for Work and Pensions

    The below Parliamentary question was asked by Gregg McClymont on 2014-04-29.

    To ask the Secretary of State for Work and Pensions, what estimate he has made of the cost to the average UK saver of delaying the pensions charge cap from April 2014 to April 2015.

    Steve Webb

    There has been no delay to the default fund charge cap. The Government has announced that it will put in place a charge cap set at 0.75% of funds under management for the default funds of all schemes used for automatic enrolment from April 2015. This means we will deliver on the timetable in our consultation document to have a full cap for all qualifying schemes in place by April 2015.

  • Gregg McClymont – 2014 Parliamentary Question to the Department for Work and Pensions

    Gregg McClymont – 2014 Parliamentary Question to the Department for Work and Pensions

    The below Parliamentary question was asked by Gregg McClymont on 2014-03-26.

    To ask the Secretary of State for Work and Pensions, what the upper limit will be of the amount of state pension top-up people can buy.

    Steve Webb

    As announced in the Budget 2014, the maximum amount of additional State Pension that individuals can obtain under the State Pension top-up scheme (Class 3A) will be £25 per week. We intend to make details available shortly of the contribution rates by age for each £1 per week of additional pension.

  • Gregg McClymont – 2014 Parliamentary Question to the Department for Work and Pensions

    Gregg McClymont – 2014 Parliamentary Question to the Department for Work and Pensions

    The below Parliamentary question was asked by Gregg McClymont on 2014-06-12.

    To ask the Secretary of State for Work and Pensions, whether he proposes that his planned charge cap on workplace pensions from April 2015 will apply to new collective defined contribution schemes.

    Steve Webb

    The Government’s Defined Ambition Bill will bring new forms of collective pension arrangements to the UK, and it is vital that member protection, good governance and fair charges remain at the heart of this system.

    Details of how any charge cap may be applied to Collective Defined Contribution schemes will be in place before this legislation is commenced.

  • Gregg McClymont – 2014 Parliamentary Question to the Department for Work and Pensions

    Gregg McClymont – 2014 Parliamentary Question to the Department for Work and Pensions

    The below Parliamentary question was asked by Gregg McClymont on 2014-03-26.

    To ask the Secretary of State for Work and Pensions, how many people received face to face guidance from the Pension Advisory Service in each of the last five years.

    Steve Webb

    The Pensions Advisory Service provides information and guidance over multiple distribution channels including by telephone, web chat, online and written enquiries and face to face via outreach activity. The outreach activity includes shows, forums and similar events. All guidance is tailored to the individuals’ personal circumstances.

    The data for the last five years are set out in the table below:

    Year

    2009/2010

    2010/2011

    2011/2012

    2012/2013

    2013/2014

    Helpline customers

    Includes calls, online enquiries, webchats and 1st party complaints

    99,663

    87,712

    93,505

    84,228

    76,348 (as at 28th February)

    Outreach work

    6,457 people spoken to at TPAS events/presentations

    7,577

    3,786

    1,091

    1,400 estimate to date

  • Gregg McClymont – 2014 Parliamentary Question to the Department for Work and Pensions

    Gregg McClymont – 2014 Parliamentary Question to the Department for Work and Pensions

    The below Parliamentary question was asked by Gregg McClymont on 2014-06-12.

    To ask the Secretary of State for Work and Pensions, how many people are below the earnings threshold for auto enrolment into a workplace pension in each (a) region, (b) constituent part of the UK and (c) parliamentary constituency.

    Steve Webb

    The information is not available in the format requested.

  • Gregg McClymont – 2014 Parliamentary Question to the Department for Work and Pensions

    Gregg McClymont – 2014 Parliamentary Question to the Department for Work and Pensions

    The below Parliamentary question was asked by Gregg McClymont on 2014-03-26.

    To ask the Secretary of State for Work and Pensions, what assessment he has made of the effect of the planned changes to pensions on the investment strategy of the National Employment Savings Trust.

    Steve Webb

    The investment strategy for the National Employment Savings Trust (NEST) is the responsibility of the NEST Trustees who will consider, if in the best interests of their members, there needs to be any change in NEST’s investment approach.

  • Gregg McClymont – 2014 Parliamentary Question to the Department for Work and Pensions

    Gregg McClymont – 2014 Parliamentary Question to the Department for Work and Pensions

    The below Parliamentary question was asked by Gregg McClymont on 2014-03-26.

    To ask the Secretary of State for Work and Pensions, what assessment he has made of the effect of the planned changes to pensions on opt-out rates of auto enrolment.

    Steve Webb

    The Budget announced that from April 2015, the tax rules for how people access their defined contribution pension savings will be simplified to allow individuals aged 55 or over to withdraw their savings however they wish, subject to their marginal rate of income tax.

    Allowing individuals to exercise greater choice over how they access their retirement savings may mean that some people who would have previously chosen to opt out may no longer do so. This is more likely to have an effect on the choices of older workers.

  • Gregg McClymont – 2014 Parliamentary Question to the Department for Work and Pensions

    Gregg McClymont – 2014 Parliamentary Question to the Department for Work and Pensions

    The below Parliamentary question was asked by Gregg McClymont on 2014-03-26.

    To ask the Secretary of State for Work and Pensions, what assessment he has made of the effect of the planned changes to pensions on retirement incomes from private and workplace pensions.

    Steve Webb

    The government believes people should be trusted to make their own choices about how to use their savings to fund their retirement. These measures fundamentally change the way that people can access their retirement savings, and therefore people are free to vary the mix of income and capital they hold in retirement.

    Alongside these changes, the government is taking measures to ensure everyone approaching retirement is aware of the choices they have. Pension providers and schemes will be required, by April 2015, to offer all individuals retiring with a defined contribution pension pot free and impartial face-to-face guidance on their retirement choices.