Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what assessment he has made of the potential impact of the proposed pension reforms on member engagement with pension saving.

The Government recognises that engagement with pensions is low, particularly as many savers engage only intermittently with their pension arrangements and may find pensions and retirement decisions complex. And while auto-enrolment has successfully increased pension participation, too many future retirees face incomes that are too low, risks that are too high and a system that is too unequal.

That is why we are transforming the workplace pensions market, with reforms including measures to drive scale provision, Value for Money and default pensions as well as the introduction of pensions dashboards. Taken together with the Pensions Commission’s work on the long-term future of the system, our reforms are focussed on enabling mass market often disengaged pension savers secure decent retirement incomes, while improving opportunity for engaged savers to access information and support to inform choices.