Oral Answers to Questions Debate
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Kelvin Hopkins
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Oral Answers to Questions
Kelvin Hopkins Excerpts(8 years, 1 month ago)
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Kelvin Hopkins (Luton North) (Lab)
My own personal occupational pension scheme has just been reduced. It is not a problem for me personally with my generous parliamentary salary, but it is symptomatic of the problems facing occupational pension schemes and pensioners. Is not the real long-term solution to establish a compulsory universal state earnings-related scheme for all, with defined contributions and defined benefits?
Richard Harrington
As the hon. Gentleman knows, this was looked into by the Turner review and by many people and institutions since. Automatic enrolment is in place, which is a great step forward. Millions of people have now enrolled. I hope that, as time evolves, this will become the main form of pension for people other than the new state pension.