Personal Savings

(asked on 12th March 2024) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what steps his Department is taking to help people save for the future.


Answered by
Paul Maynard Portrait
Paul Maynard
Parliamentary Under-Secretary (Department for Work and Pensions)
This question was answered on 18th March 2024

Retirement saving has been transformed with over 11 million employees put into workplace pensions since 2012.

We are committed to the expansion of Automatic Enrolment in the mid-2020s. Our reforms will benefit younger workers and increase overall amounts being saved, with 3m people saving £2bn extra a year.

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