Pensions: Gender Gap
Debate between Baroness Scott of Bybrook and Baroness Sugg
Baroness Scott of Bybrook (Con)
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.
Baroness Sugg (Con)
Can my noble friend the Minister tell me what action the Government are taking to address the disproportionate lack of engagement with pension saving by women?
Baroness Scott of Bybrook (Con)
My Lords, it is important that all savers can easily access their pension savings, so that they can plan to retire when they want. We are introducing pension dashboards to help make accessing pensions information much easier. We are also introducing shorter, simpler pension statements to help all members of the automatic enrolment scheme engage with their pension savings.