Recently the Pension Schemes Bill had its Second Reading in Parliament📜
Whilst I welcome the broad direction of the legislation, the Bill focusses too much on the amount of money that is automatically taken from people’s payslips and not enough on how we improve how they engage with their savings.
We need more focus on bettering financial education so that people are properly prepared for retirement. To improve pensions adequacy we must Act Bolder, and Move Faster. During Bill Committee I want to see a clear commitment from the Government that they are actively looking at sorting this‼
