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Workplace Pension Reform

Volume 542: debated on Monday 26 March 2012

I am pleased to announce that today I will be laying one of the final building blocks to enable the start of automatic enrolment from later this year—the draft Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 2012.

Alongside this draft order I will be placing a copy of the Government’s response to the consultation on the 2012-2013 review and revision of earning thresholds for automatic enrolment in the House Library. Following the commitment made to the House by my noble Friend Lord Freud, the Minister with responsibility for welfare reform, during the passage of the Pensions Act 2011 this response includes an analysis of the impact of the revised thresholds.

I would like to thank the pensions community for their input to this work. This collaboration needs to continue if we are to make automatic enrolment a success.

These papers will be available later today on the Department’s website:

http://dwp.gov.uk/consultations/2011/auto-enrolment-revaluation.shtml.