To ask His Majesty's Government what plans they have, if any, to automatically enrol workers who are (1) low paid, or (2) aged under 22, into a workplace pension scheme, given the increased cost of living.
Answered on
21 February 2023
The 2017 Review of Automatic Enrolment (AE) sets out our ambition to remove the Lower Earnings Limit so that pension contributions are payable from the first pound of earnings and reduce the qualifying age for AE to 18. This will help young people and lower earners, including many women, to build financial resilience through generating more meaningful retirement savings.
We remain committed to the implementation of the 2017 Review ambitions in the mid-2020s.
We have always been clear that changes to the AE framework would be made in a way and at a time that is affordable, balancing the needs of savers, employers and taxpayers.