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Full Debate: Read Full DebateJulian Knight
Main Page: Julian Knight (Independent - Solihull)Department Debates - View all Julian Knight's debates with the Department for Work and Pensions
(9 years, 10 months ago)
Commons Chamber1. What assessment he has made of the effects of automatic enrolment on private sector pension saving.
More than 5.2 million workers have been automatically enrolled in a workplace pension by their employer to date. Since the start of automatic enrolment, workplace pension membership in the private sector has risen from 32% in 2012 to 49% in 2014, a very positive start.
With 135,000 firms set to auto-enrol their employees from January, does my hon. Friend agree that the work of non-governmental groups such as the Solihull-based Chartered Institute of Payroll Professionals is key to the successful delivery of auto-enrolment and to meeting the savings challenge of 11 million Britons who are currently failing to put enough away for their retirement?