Opened the debate
The Bill aims to lower the age for auto-enrolment in pensions schemes from 22 to 18, and reduce the earnings limit. It would allow the Secretary of State to introduce these changes through regulations at a future date as per the Conservative manifesto. The legislation targets younger workers, part-time employees, those from ethnic minority communities, and socially disadvantaged groups, ensuring they can benefit from lifetime savings plans. By extending auto-enrolment, the Bill seeks to enhance retirement security for millions of working people across various regions in the UK.