Source · Select Committees · Work and Pensions Committee
Recommendation 4
4
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
A response document is linked to this report, dated 23 January 2023. Response attribution to this recommendation has not been verified. Read the response document ↗