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 reduction in the value at State Pension age of the average employee’s pension savings as a result of automatic enrolment beginning at 22 rather than 18.
The current minimum age eligibility for Automatic Enrolment is 22 years old. An Impact Assessment was produced for the Pensions (Extension of Automatic Enrolment) 2023 Act which outlines the impact of reducing the age eligibility to 18 years old, available here: Impact Assessment.