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The Earl of Effingham (Con)

Speaking in the House of Lords on 10 June 2025

Debate

Free School Meals

Contribution

My Lords, I quote from the Statement that “it is an investment in our children’s futures. It sets them free from the worries and strains of growing up in poverty”. Does the Minister agree that, if this is the Government’s aim, there should be compulsory financial education in schools about pensions? A £50 pension contribution every month from the age of 18 can produce £363,000 at retirement age. The excellent brief last year from the House of Lords Library stated that there were “concerns have been raised that financial education is not being adequately provided”. How will the Government ensure that education on pensions is being properly taught and help to end poverty?

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