Asked by: Lord Davies of Brixton (Labour - Life peer)
Question to the Department for Work and Pensions:
To ask His Majesty's Government, in the light of the publication of the State Pension uprating analysis on 29 September and its conclusion that the new state pension will reach a record high relative to earnings over the coming three years, how that conclusion was reached, including (1) the assumptions made about future earnings growth, (2) the assumptions made about future increases in the consumer price index and average earnings over the relevant period, and (3) the basis on which those assumptions were made.
Answered by Baroness Sherlock - Minister of State (Department for Work and Pensions)
Historical average earnings growth and the Consumer Prices Index used in the analysis are consistent with the Office for Budget Responsibility’s economic assumptions published at the Spring Statement 2026.
Asked by: Lord Davies of Brixton (Labour - Life peer)
Question to the Department for Work and Pensions:
To ask His Majesty's Government whether the Department for Work and Pension's long-term model of pensioner incomes (Pensim3) is open access, including information on the underlying assumptions and formulae.
Answered by Baroness Sherlock - Minister of State (Department for Work and Pensions)
Pensim3’s baseline data contains information from real individuals and is subject to data protection controls.
Pensim3’s economic and demographic assumptions align with OBR’s Fiscal Risks and Sustainability Report and ONS’s population projections. Other assumptions are outlined in the relevant published results (e.g. future pensioner incomes: https://www.gov.uk/government/statistics/analysis-of-future-pension-incomes/analysis-of-future-pension-incomes).
Asked by: Lord Davies of Brixton (Labour - Life peer)
Question to the Department for Work and Pensions:
To ask His Majesty's Government if their policy position is as reported by the Office of Budget Responsibility, that the state pension age will reach 68 between 2037 and 2039, when and how this confirmation was given to the OBR; when they anticipate that the necessary legislation will be introduced; what formal notice period they will give of their intention to legislate accordingly; and what publicity they intend to issue so that those affected can adjust their retirement planning accordingly.
Answered by Baroness Sherlock - Minister of State (Department for Work and Pensions)
The previous government committed to bring forward the rise in the State Pension age to 68 between 2037 and 2039.
The first chance this government will have to consider this issue will be via the State Pension age Review.
Asked by: Lord Davies of Brixton (Labour - Life peer)
Question to the Department for Work and Pensions:
To ask His Majesty's Government whether the statement in the Office of Budget Responsibility's report Fiscal risks and sustainability, published in July, that their policy position is that the "state pension age reaches 68 between 2037 and 2039 [...] rather than [...] between 2044 and 2046 as is currently legislated for" is correct.
Answered by Baroness Sherlock - Minister of State (Department for Work and Pensions)
The previous government committed to bring forward the rise in the State Pension age to 68 between 2037 and 2039.
The first chance this government will have to consider this issue will be via the State Pension age Review.