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Pensions (Extension of Automatic Enrolment)
05 January 2022
Lead MP
Richard Holden
Debate Type
General Debate
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Other Contributors: 1
At a Glance
Richard Holden raised concerns about pensions (extension of automatic enrolment) 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
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.
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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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.