(13 years, 9 months ago)
Lords ChamberMy Lords, the noble Lord raises a question that I posed to civil servants. The response I received was that any insurance sold in the EU, whether or not it is from outside the EU, will be applicable under these rules.
My Lords, I have some sympathy with the predicament of the noble Baroness, but perhaps she would tell the House whether the Government, if they had the choice, would support the payment of equal annuities to men and women who have earned an equal financial entitlement to them, rather than continuing with the existing system in which a woman gets considerably less just because her average life expectancy is a few months more.
My Lords, the noble Baroness raises very important questions. However, the responses to these questions are for the industry to make.
(14 years ago)
Lords ChamberMy Lords, earlier this year the Women and Work Commission estimated that improving women’s participation in the workforce is worth between £15 billion and £23 billion to the economy each year. With the British economy clearly in need of such extra financial input, what plans do the Government have to ensure that both the private and the public sectors maximise talent at its appropriate qualification level? I ask this not least in light of the drastic cuts being made to government services, which will mean that the major job losses are in fact for women.
My Lords, in responding to the noble Baroness, Lady Massey, I pointed out that the Government take seriously the fact that the impact will fall predominantly on the lowest paid workers. That is why the Government have decided it is much better to ensure that flexible working is available to far more people. It means that women who often work in jobs below their potential are able to work at times better suited to them and their families, and that fathers are able to take more responsibility for caring at home.
(14 years, 5 months ago)
Lords ChamberI thank my noble friend for that question and agree with her completely. Unfortunately, this issue requires a lead by all contributors, and I just hope that the Act that commences in October will be the start of that process.
My Lords, as well as making every effort, as I suspect she will, to get more women on to the committees and boards of public bodies, will the Minister also consider publishing a yearly report on the public bodies for which each government department is responsible, listing the number of women on the boards of each of them and, in particular, the number of women who are chairmen and chief executives?
The noble Baroness raises an issue that we are looking at very seriously. As I said in previous responses, we are considering how to encourage all departments to take on board the importance of ensuring proper representation not just from women but from other under-represented groups.