Commons Sense

House of Commons · General Debate

Pensions (Extension of Automatic Enrolment)

05 January 2022 · 1 other contributor

Opened by Richard Holden Con Basildon and Billericay

Benefits & Welfare

Summarised by AI from the official record, so it can contain mistakes.

Read the full transcript on Parliament.uk

At a glance

Richard Holden raised concerns about pensions (extension of automatic enrolment) in the House of Commons. Other MPs contributed to the debate.

Key points

  • The Prime Minister has overseen a rise in pension take-up from 46.5% to 77.6% since 2012 due to automatic enrolment.
  • The Bill aims to extend automatic enrolment to all jobholders aged at least 18 and remove the lower earnings threshold.
  • The measure would result in 2.77 trillion invested in pensions, benefiting younger workers and those earning below the current 10,000 threshold.

How the debate unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said.

Opened the debate

Richard Holden Con Basildon and Billericay

The Prime Minister has overseen a significant increase in pension take-up, rising from 46.5% to 77.6% since 2012 due to pensions automatic enrolment. The Bill aims to extend this scheme to all jobholders aged at least 18 and remove the lower earnings threshold for auto-enrolment. It would result in £2.77 trillion invested in pensions, benefiting younger workers and those earning below the current £10,000 threshold. For part-time workers, it could see an extra 30% automatically enrolled, affecting mostly women from disadvantaged backgrounds.

Other contributors (1)
  • Richard Holden Con Basildon and Billericay

    The Bill seeks to level up pension provision for lower-paid workers by extending auto-enrolment to those aged 18 or older, regardless of earnings. This would particularly benefit younger people and part-time workers who currently miss out on auto-enrolment, leading to a significant increase in lifetime pensions savings.

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