Pensions: Coronavirus

(asked on 22nd June 2020) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what assessment her Department has made of the effect of the covid-19 outbreak on the future retirement income of (a) women, (b) BAME workers, (c) self employed workers and (d) gig economy workers.


Answered by
Guy Opperman Portrait
Guy Opperman
Parliamentary Under-Secretary (Department for Transport)
This question was answered on 25th June 2020

Helping people to save for their futures remains a key priority for this Government. We have put in place an unprecedented package of support to strengthen job and income security during the emergency to help workers, including those disproportionately affected, to better manage costs during the crisis, while supporting longer term financial resilience.

We are monitoring the impacts of covid-19 on workplace pension participation and saving levels and are working closely with the pensions industry and across government to understand the impact of the emergency. However, at this stage, it is not possible to draw robust conclusions on the impact of covid-19 including the impact on the self-employed, women and BAME.

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