Submitted by Stuart Gilbert on Monday 22nd April 2024
Published on Thursday 2nd May 2024
Current status: Closed
Closed: Wednesday 29th May 2024
Signatures: 76
Relevant Departments
Give all children a pension fund with £100 at birth
Introducing a pension with £100 starting capital for all children born in the UK could be a transformative policy with numerous benefits for the children themselves and wider society.
This policy could help instil the importance of financial planning and saving from an early age. Early learning about pensions and long-term savings could empower children to make informed financial decisions that will benefit them and future generations.
By providing £100 in starting capital, the Government is kickstarting a wealth accumulation process for children that could, along with auto-enrolment, provide them with a substantial retirement fund by the time they reach retirement age.
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3.149.24.98 Tue, 05 Nov 2024 10:50:01 +0000