Oral Answers to Questions Debate
Full Debate: Read Full DebateCallum Anderson
Main Page: Callum Anderson (Labour - Buckingham and Bletchley)Department Debates - View all Callum Anderson's debates with the Department for Work and Pensions
(1 day, 17 hours ago)
Commons ChamberLess than 1% of savers actively opt out of saving each month, but the hon. Gentleman is completely right to say that we need to remain vigilant and ensure that opt-out rates do not rise in the years ahead. There was some more volatility in opt-out rates during the pandemic, for reasons that I am sure he will understand, but, as I say, we have been seeing those come down recently. I am happy to keep talking to him about that in the years ahead.
If we want young people, including those in my constituency, to believe in the value of long-term investing, they need to see that their pensions are helping to build the country that they live in and are not just distant markets. Will the Minister set out what steps he is taking to ensure that the Government’s pensions reforms encourage funds to invest more in UK infrastructure and hybrid companies?