Greg Mulholland
Main Page: Greg Mulholland (Liberal Democrat - Leeds North West)Department Debates - View all Greg Mulholland's debates with the Department for Work and Pensions
(8 years, 2 months ago)
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Mr Duncan Smith
I agree with my right hon. Friend. It is worth putting that into the context of what we have already done to sustain and support pensioners in the longer term. First, we have introduced more saving through automatic enrolment. More than 6 million people are saving for a pension. Secondly, the introduction of the single tier puts pension payments above the means test, allowing people to save in the knowledge that they will always hold their savings. Thirdly, the state pension is more than £1,000 higher than it was when we came into office. That is why we need to get the demographic changes right. We are going to be fairer to pensioners and support them as other Governments have never done.
Greg Mulholland (Leeds North West) (LD)
I am not going to get angry, but I gently point out to the Secretary of State that he is quite wrong to say that there is a consensus on the matter. Indeed, he has broken the consensus that he established with the excellent former Pensions Minister, Steve Webb. The agreement was that independent reviews would look every five years at life expectancy and fairness for those who were paying in, but the Secretary of State is introducing affordability, which was not part of the original proposal, as well as bringing the review forward. Will he acknowledge that that is a change from what he agreed with Steve Webb and what the coalition Government delivered?
Mr Duncan Smith
I am sorry that the hon. Gentleman chooses to find a difference, because I do not think that there is one. No one has more respect for the former Pensions Minister than I do; he is a good personal friend and I thought he did a brilliant job as Pensions Minister. As coalition partners, we worked well together. He and I agreed to introduce the independent review in the Pensions Act 2014. Sir John is quite capable of looking at the matter in the round, as we have asked him to do, and making a decision on the basis of “robust, evidence-based analysis”, as set out in the terms of reference. He may yet say, “I see no need to make any change,” but I am prepared to back him on that.