The government has rejected a number of proposals put forward by the Work and Pensions Committee (WPC) which looked at the impact of pensions freedom and how best to protect savers.
In response to the committee's Protecting pension savers - five years on from pension freedoms report, the government rejected calls to set out a timetable to increase pension contributions for workers automatically enrolled into workplace pensions. While the government said it was committed to implementing the 2017 auto-enrolment (AE) review, it refused to set out a specific timetable. The 2017 review proposed scrapping the lower earnings limit against which minimum contributions are measured and extending the reforms to those aged 18 and over. The government said it is "focused o...
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