“Over five million employees are still not saving into a workplace pension. That is why I am looking closely at the future implementation of the 2017 automatic enrolment review from the last government that recommended expanding it to younger workers and removing the lower earnings limit.”
Dashboard deadline
The government also remained committed to delivering pensions dashboards as soon as possible.
“While it remains too early to confirm a launch date for public use, the government wants to ensure that the public can realise the benefits of using a pensions dashboard at the earliest opportunity.
“We welcome that schemes are working on their data, and I would encourage you to make use of all of our available guidance, in particular the updated standards released by the pensions dashboard program.
“We are determined to press ahead with this vital innovation, working closely with all of you to make this happen and bringing huge benefits to millions of people who currently find it so difficult and so complex to navigate their own pension savings.”
“The PLSA and its members have a critical role to play in innovating and improving our pensions landscape. Together, we face many challenges, but also great opportunities to unlock the true investment potential for pensions. delivering the growth. The country needs security in retirement. Savers deserve that, and I very much look forward to working with you all.”
Samantha Downes is a freelance financial journalist
