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Written question asked by David Reed (Conservative) on Tuesday, 10 March 2026, in the House of Commons. It was due for an answer on Monday, 16 March 2026 (named day). It was answered by Torsten Bell (Labour) on Tuesday, 17 March 2026 on behalf of the Department for Work and Pensions.


Students: Loans

Question

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.

Answer

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 saving enough for retirement. That is why we have revived the Pensions Commission which will look at the adequacy, fairness and sustainability of the pensions system for future cohorts of retirees.


Secondary information

Type
Written question
Reference
119779
Session
2024-26
Registered interest declared
Yes
Transferred
Yes
Subjects
Employees' contributions Workplace pensions Loans Repayments Students
Link
View this Written question on www.parliament.uk