P0163: Difference between revisions

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{{Policies
|policyid=TPAI163EQ163
|policy=Centralised Public Pension Scheme where pension companies bid for the money from the government.
|policy=Stop people being auto-enrolled into rip-off pension schemes and seek to widen and expand access for more low-income and self-employed workers
|description=People pay into a central fund up and beyond their state pension allowance. Rather than going to pension companies directly they go through a central fund. This allows us to maximise returns and protect people's pension. When people move jobs their full pension is protected as they don't move out of the central pension fund.
|pcategory=Pensions
|category=030 Welfare
|pcategorysubcategory=3 Pensions
|charteritem=CR007
|keypolicyid=KP078
|stream=Equality
|approval=NoYes
|status=Reviewed
|updatedby=Data Import
|dateupdated=08/10/2021
}}