Pensions: Gender Gap Debate

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Baroness Altmann

Main Page: Baroness Altmann (Conservative - Life peer)

Pensions: Gender Gap

Baroness Altmann Excerpts
Tuesday 13th July 2021

(2 years, 9 months ago)

Lords Chamber
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Asked by
Baroness Altmann Portrait Baroness Altmann
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To ask Her Majesty’s Government what plans they have to narrow the gender pensions gap; and what assessment they have made of (1) the under- payments of state pensions to married women, and (2) the reduced private pension contributions associated with female work patterns, in the development of those plans.

Baroness Scott of Bybrook Portrait Baroness Scott of Bybrook (Con)
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This Government recognise the challenge of the gender pensions gap resulting from historical differences in labour market participation. Through automatic enrolment and the new state pension, we are enabling more women to build up pension provisions in their own right, reducing historical inequalities in the pensions system. We are fully committed to addressing the historical state pension errors and ensuring that the individuals affected receive the state pension they are rightfully due in law.

Baroness Altmann Portrait Baroness Altmann (Con)
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I thank my noble friend for her Answer but, given the gender pensions gap of 40%, which Prospect says has not improved over five years, what specific workstream is there with targets for reducing the number of women with lower state and private pensions and for publishing up-to-date numbers—including for women in multiple part-time jobs, who are excluded from the state pension and auto-enrolment and lose out in net pay schemes, category D pensions and pension credit? Secondly, can my noble friend explain why married women did not receive automatic state pension uplifts after 2008? Will she agree to meet to discuss improving women’s pensions?