During my first few months as a minister in this department, I’ve been struck by how much we’ve achieved in recent years to help people think smarter about planning for their retirement and have the opportunity to build up their private pension savings.

But for me, it is automatic enrolment, the government’s flagship pension savings policy, which is fundamentally changing the way people save for the better. Launched in 2012, automatic enrolment requires employers to enrol all eligible staff – those aged between 22 and the state pension age, earning £10,000 per year or more and usually working in the UK – into a workplace pension.