Source · Select Committees · Work and Pensions Committee
Recommendation 4
4
Deferred
We support the former Pensions Minister’s continued commitment to introducing the recommendations of the 2017...
Recommendation
We support the former Pensions Minister’s continued commitment to introducing the recommendations of the 2017 auto-enrolment review by the mid-2020s. It is Protecting pension savers – five years on from the pension freedomss Saving for later life 55 disappointing that five years on, we have seen no implementation plan or impact assessment. There is almost universal support for these recommendations, which would improve retirement outcomes for many part-time workers, disproportionately women, and for workers in the gig economy. The former Pensions Minister told us he had a two or three clause bill ready to make the necessary changes to legislation. We recommend the Government introduce the necessary legislation no later than the beginning of the next session of Parliament. It must also publish a timetable for consultation on implementation, taking account of cost pressures on employers and workers. (Paragraph 35) The minimum contribution rates
Government Response Summary
The government remains committed to implementing the 2017 Review ambitions in the mid-2020s and aims to bring forward legislation at a suitable opportunity, with a consultation to ensure effective implementation.
Government Response
Deferred
HM Government
Deferred
We remain committed to the implementation of the 2017 Review ambitions in the mid-2020s. We aim to bring forward legislation at a suitable opportunity and when parliamentary time allows. We remain committed to carrying out a consultation on the implementation of the review to ensure this works effectively for all parties.