UK. Work and Pensions Committee to examine auto-enrolment pension contributions and pensions for gig-economy and self-employed workers
The Work and Pensions Committee inquiry into saving for later life continues with an evidence session featuring witnesses from unions, business federations, and representatives from Uber, Nat West, Tata, and Co-Op.
Purpose of the session
MPs are expected to examine whether the UK’s pension system is still fit for purpose, 20 years after the pensions commission was first set up. The Committee is likely to explore whether auto-enrolment
minimum contribution rates should rise and how employers and trade unions can help put workers on course for an adequate income in retirement.
The session may also investigate what action is needed to reverse the decline in self-employed pension saving and to ensure auto-enrolment works for employers and workers in the gig economy.
The inquiry is part of the Committee’s wider work on protecting pension savings, which is examining the impacts of pension freedoms. The Committee previously took evidence from two former pensions ministers.
Read more @Committees
234 views
