“What steps she is taking to help increase returns on investment from pension savings.”
Asked by
Sarah Edwards
Answering Minister
the Chancellor of the Exchequer
Answer from Hansard
The Parliamentary Secretary to the Treasury (Torsten Bell)
That is absolutely the right question. We all understandably hear calls for higher rates of pension saving, but the prior question is this: how do we ensure that savers get the best bang for their buck for every penny they save? The forthcoming pension schemes Bill will help make that happen, with bigger pension schemes and fewer small pension pots, driving down costs and driving up saving rates for pensioners.