Pensions Commission: Bedfordshire
The question
To ask the Secretary of State for Work and Pensions, what impact the Pension Commission will have for residents in (a) Dunstable and Leighton Buzzard constituency and (b) Bedfordshire.
Answered by Torsten Bell
This government is committed to enabling tomorrow’s pensioners to have security in retirement. The Pensions Investment Review and the Pension Schemes Bill currently going through Parliament both focus on ensuring the pension pots of savers in Bedfordshire and throughout the UK are working as hard as they can – for average earners saving in a DC workplace pension over their career this could mean up to £29,000 more in retirement pots. The Pensions Commission has been revived to consider what is required in the long term to deliver financial security in retirement through a pensions framework that is stronger, fairer and more sustainable for people up and down the country.
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