(5 years, 11 months ago)
Commons ChamberWe published the pensions dashboard feasibility report in December, and the consultation closes on 28 January. We will shortly thereafter draft legislation, which will unquestionably benefit the 16,000 men and women in my hon. Friend’s constituency who have an auto-enrolled pension at present.
I thank the Minister for that answer, and I am delighted to hear of my constituents who are benefiting. What more can the Department do to encourage more women to save for their financial futures?
We believe that the dashboard will be a crucial part of that, but my hon. Friend will be aware that female participation in a workplace pension has increased by 3 million since 2012, thanks to auto-enrolment. In the private sector, female participation in a workplace pension has jumped from 40% to 80% in the last five years.
(6 years, 5 months ago)
Commons ChamberThe reality of the situation is that these matters are going through a particular process. That process is ongoing, and the outcomes will be revealed when the decisions are made. There is no difference in any way from how the Government treat other claimants.
I do not want to see any young person in Redditch unemployed, which was why I set up Redditch Mentors, a scheme to help young people to reach their full potential. The last Labour Government presided over a record rise of 45% in young people being unemployed. What more are the Government doing to improve that?