Oral Answers to Questions Debate
Full Debate: Read Full DebateDepartment: Department for Work and Pensions
Lord McCabe
Main Page: Lord McCabe (Labour - Life peer)Department Debates - View all Lord McCabe's debates with the Department for Work and Pensions
(8 years, 10 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Speaker
Order. I do not want to keep our VIPs waiting too long—and they are our VIPs today—but there are a couple more Members whom I wish to accommodate.
Steve McCabe (Birmingham, Selly Oak) (Lab)
The latest analysis shows that the young people referred to in Question 3 stand to lose between £30,000 and £20,000 over their retirement, as a direct result of Government policy. Will the Minister explain how that contributes to intergenerational fairness?
The Parliamentary Under-Secretary of State for Justice (Mr Shailesh Vara)
The whole purpose of the auto-enrolment system is to make sure that people can supplement the state pension. At the moment, 10 million people are eligible for auto-enrolment, and we expect 9 million of them to take up that offer. Those 9 million people will end up saving and, in many cases, saving more than they do at present.