Torsten Bell

Torsten Bell

Labour — Swansea West

Speaking in the House of Commons on 12 May 2025

Debate

Private Pension Pots: Young People

Contribution

Less than 1% of savers actively opt out of saving each month, but the hon. Gentleman is completely right to say that we need to remain vigilant and ensure that opt-out rates do not rise in the years ahead. There was some more volatility in opt-out rates during the pandemic, for reasons that I am sure he will understand, but, as I say, we have been seeing those come down recently. I am happy to keep talking to him about that in the years ahead.

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