Member of Parliament for the Cities of London & Westminster Nickie Aiken spoke out in the House of Commons to back the Mansion House Reforms.
Under the plans, retirement income will increase by over £1,000 a year over the course of a career and unlock up to £75 billion of additional investment from defined contributions and Government pensions.
In the Commons, Nickie said,
"I was delighted to attend the Mansion House dinner last night as the Member of Parliament representing the City of London and to listen to excellent speeches by the Lord Mayor and the Chancellor of the Exchequer. Does the Minister agree that the Mansion House compact will do much to secure the City of London’s position as a global powerhouse in the financial services sector and will also create more jobs across the country?"
Andrew Griffith MP, Economic Secretary to the Treasury, replied,
"My hon. Friend, who knows so much and speaks so lucidly for Cities of London and Westminster, is absolutely right. These are a bold and ambitious set of reforms. They will not just help communities across the whole of the United Kingdom—I never fail to remind the House that financial services touch almost every constituency—but continue to underwrite the strong and leading position of the City of London, which she so ably represents."
