Source · Select Committees · Work and Pensions Committee
Recommendation 11
11
Accepted
We support TPR’s efforts to encourage gig economy employers to offer pensions to those workers...
Recommendation
We support TPR’s efforts to encourage gig economy employers to offer pensions to those workers who do not come under the definition in the Pensions Act 2008. We recommend that DWP explore what steps could be taken to support this, including through the development of sectoral pension schemes, available to any employer in a sector that wants to use it. (Paragraph 88) Protecting pension savers – five years on from the pension freedomss Saving for later life 57 The gender pensions gap
Government Response Summary
The government believes the definition of jobholder in the AE legislation is clear and does not need to be altered, with gig economy workers who meet the definition already being brought within the scope of AE through the Pensions Regulator's compliance work and clarified guidance on employment status.
Government Response
Accepted
HM Government
Accepted
We believe that the definition of jobholder in the AE legislation is clear and that there is no need to alter that definition at the present time. We are seeing that gig economy workers who meet the definition of a jobholder are already being brought within the scope of AE through the compliance work carried out by the Pensions Regulator and the government’s efforts to clarify guidance on employment status. Collective Defined Contribution (CDC) pension schemes have the potential to transform the UK pensions landscape and deliver better retirement outcomes for pension savers. The legislation to implement single and connected employer CDC schemes came into effect on 1 August 2022. There is strong appetite to broaden CDC provision beyond the single