Pensions: Gender Gap Debate

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Pensions: Gender Gap

Baroness Janke Excerpts
Tuesday 13th July 2021

(2 years, 10 months ago)

Lords Chamber
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Baroness Scott of Bybrook Portrait Baroness Scott of Bybrook (Con)
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My noble friend must not forget that today’s working-age people are tomorrow’s pensioners. Future generations of pensioners, not just the current ones, will benefit from this uprating approach. In the long term, if the triple lock is maintained, younger people will benefit as the value of the state pension continues to rise above the trends of earnings rates and price growth.

Baroness Janke Portrait Baroness Janke (LD) [V]
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My Lords, divorced women face the largest gender pensions gap, so what measures will the Government take to ensure that, on divorce, pensions are split sufficiently for divorced women to receive their full entitlement to retirement income?

Baroness Scott of Bybrook Portrait Baroness Scott of Bybrook (Con)
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My Lords, to ensure that anybody is getting the correct amount of state pension, it is important that individuals report to DWP any change in their circumstances. This includes divorce, as it may affect their entitlement to the state pension. This has been the position under successive Governments of different political persuasions, who have then further made this information known in a variety of ways. I suggest that it is important to look at that information on GOV.UK.