"It is estimated that an extra £17bn a year will have been saved through auto-enrolment"by Richard Harrington / April 11, 2017 / Leave a comment
Published in May 2017 issue of Prospect Magazine
Having been Minister for Pensions for approaching a year now, I have met so many people—whether it be members of the public, charities, people from the pensions industry—who understand that pensions are something that affect everybody, whatever their age, background or occupation.
We all should be thinking about our retirement at every stage of our adult lives. Whether it is checking to see when and how much we can expect from the state; looking at our private pension savings and considering if we have as much as we want; or exploring the different options for what we can do with that money, we all need to be planning ahead and getting to know our pension.
What is most important for me in this job is doing everything possible to make sure that tomorrow’s senior citizens have the income they need to maintain the lifestyle they want in retirement. As well as action by government, that also requires people to be alive to their own pensions situation.