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Pension Contributions
07 March 2023
Lead MP
Anthony Browne
Debate Type
General Debate
Tags
EconomyEmployment
Other Contributors: 1
At a Glance
Anthony Browne raised concerns about pension contributions in the House of Commons. Other MPs contributed to the debate.
How the Debate Unfolded
MPs spoke in turn to share their views and ask questions. Here's what each person said:
Lead Contributor
Opened the debate
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.
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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Assessment & feedback
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About House of Commons Debates
House of Commons debates take place in the main chamber of the House of Commons. These debates cover a wide range of topics including government policy, legislation, and current affairs. MPs from all parties can participate, question ministers, and hold the government accountable for its decisions.