In 2010, there were 17,400 recipients of the state pension in Kettering, and the most recent data shows that that number had risen to 18,600 in 2017. In cash terms, the full basic state pension is now worth £1,450 a year more in 2018-19 than in 2010. That is a £660 a year more than would have been the case if the pension had been uprated solely by earnings.
That is great news for existing pensioners in Kettering and throughout the country, but what about tomorrow’s pensioners? How many people are being auto-enrolled into private pension schemes?
As you know, Mr Speaker, where Kettering leads the nation follows. In Kettering, a record-breaking 10,000 men and women have now been automatically enrolled into a workplace pension. They are part of the millions of working men and women of this nation who are similarly benefiting from automatic enrolment.