Guy Opperman, pensions minister: Britain is leading the way to net zero carbon emissions, but getting there will require new and innovative ideas. We all need to play our part, from the biggest business to the individual consumer. And there is something that millions of us have that can play its role in cutting carbon emissions too: a pension. Saving for retirement is something that we all need to think about. For too long, many of us saw saving for a pension as a problem for the distant future. Auto-enrolment has changed that. Since its introduction in 2012, more than 10 million employees have been auto-enrolled into a workplace pension, with the biggest increases for young people, women, and the lowest paid. But with trillions in assets under management, our pensions can do so much more than we think. If we can unleash the productive power of our pension funds, they can be at the forefront of seizing sustainable opportunities by financing the green-tech and green-energy revolution we need.
Times 6th Oct 2020 read more »