Tulip Siddiq

Tulip Siddiq

Labour — Hampstead and Highgate

Speaking in the House of Commons on 18 November 2024

Debate

Financial Services: Mansion House Speech

Contribution

I reassure the hon. Gentleman that boosting return for savers is at the very heart of this agenda, which is why we are pursuing this pensions review. We want these reforms to increase security and boost people’s pension pots, and we want to unlock about £80 billion of productive investment. The Government’s reforms are already in the pension schemes Bill, and they could boost a typical defined contribution saver’s lifetime pension pot by £11,000. I do not want the hon. Gentleman to worry, because we have our eye on how to protect pensioners and savers.

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