To ask the Secretary of State for Work and Pensions, what assessment he has made of the potential impact of Plan 2 student loan repayments on pension auto-enrolment contribution adequacy for borrowers earning between (a) £27,295 and £50,270, (b) £50,270 and £60,000 and (c) £60,000 and £80,000; and whether his Department has modelled the impact of reduced pension contributions during years in which student loan repayments are also being made on long-term retirement savings.
Workplace pension participation remains high among all eligible age groups, with 82% of all employees participating in workplace pensions in 2024. The Government remains committed to building on the success of automatic enrolment to ensure that people are...
Students: Loans