Oral Answers to Questions

Ian Blackford Excerpts

Monday 2nd November 2015 Commons Chamber

[Mr Vara]

It is important that we get people to recognise they need to think about the future. Some 10 million eligible people will qualify for auto-enrolment, of whom 9 million will be saving more or saving for the first time. I am also happy to say that 3 million to 4 million of them are women.

[Ian Blackford (Ross, Skye and Lochaber) (SNP)]

We on the SNP Benches are happy to support the Government’s policy of auto-enrolment, as we think it important that people save for the longer-term. Last week, however, Australia announced it would be stepping back from its policy of pensions freedom after many over-70s ran out of cash. Will the Government reconsider giving guidance to pensioners advising them to secure an income in retirement?

[Mr Vara]

We are giving as much guidance as we can. Pension Wise is there; the Money Advice Service, which I have mentioned, has its advisory firms; and there is also the internet. If people want further advice, they will be guided to it by Pension Wise.