Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, what estimate his Department has made of the proportion of people who are automatically enrolled that are likely to reach a moderate lifestyle in retirement as defined by the PLSA’s Retirement Living Standards.
This Government is focussed on its goal of expanding the benefits of automatic enrolment in the mid-2020s, increasing the overall amounts being saved by working people, and extending the benefits of workplace pensions to younger workers. I welcome the PLSA standards as a contribution to the debate.