Commons Sense

House of Commons · General Debate

Pension Contributions

07 March 2023 · 1 other contributor

Opened by Anthony Browne Con Solihull

Benefits & Welfare

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

Read the full transcript on Parliament.uk

At a glance

Anthony Browne raised concerns about pension contributions in the House of Commons. Other MPs contributed to the debate.

Key points

  • Moves to introduce a Bill requiring employers to pay pension contributions into a scheme chosen by the employee.
  • Concerns raised about the issue of multiple deferred pension pots.
  • Proposals to allow employees to opt out of company schemes without losing employer contributions.

How the debate unfolded

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

Opened the debate

Anthony Browne Con Solihull

Moves to introduce a Bill requiring employers to pay pension contributions into a scheme chosen by the employee. Emphasises the issue of multiple deferred pension pots and proposes legislative change allowing employees to opt out of company schemes without losing employer contributions.

Other contributors (1)
  • Anthony Browne Con Solihull

    Highlights the problem of lost or deferred pension pots, with an estimated £37 billion in value. Cites statistics showing increased participation in workplace pensions due to auto-enrolment but also a rise in multiple pension pots. Proposes legislative change to allow employees to direct their and their employer's contributions to a scheme of their choice, aiming for a 'pot for life' model.

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