Pensions: Gender Gap Debate

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Baroness Bennett of Manor Castle

Main Page: Baroness Bennett of Manor Castle (Green Party - Life peer)

Pensions: Gender Gap

Baroness Bennett of Manor Castle Excerpts
Tuesday 13th July 2021

(2 years, 9 months ago)

Lords Chamber
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Baroness Scott of Bybrook Portrait Baroness Scott of Bybrook (Con)
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I lost some of the noble Lord’s question there. The state pension underpayment that we are talking about affects both men and women. We will have estimated costs and data in the department’s annual report and accounts, which will be published shortly. It is important that those people are paid what is owed to them and that we continue to ensure that women are getting their fair share of pensions into the future.

Baroness Bennett of Manor Castle Portrait Baroness Bennett of Manor Castle (GP) [V]
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My Lords, as the noble Lord, Lord Davies, just said, pensioner poverty is rising up to 18%—2.1 million people—with 30% of single female pensioners living in poverty. Is it not time for what might be called a universal basic pension, set at a rate so that no pensioner is living in poverty? People who spend a lifetime contributing should surely not be left, as 8% of pensioners are, worrying that they cannot pay an unexpected bill.

Baroness Scott of Bybrook Portrait Baroness Scott of Bybrook (Con)
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My Lords, the Government have no plans to look at the basic pension. What is happening now is that people—women in particular—are beginning to build up their pension schemes, and we are doing everything we can to ensure that, within the next 10 years, they will be equal to all other pensions.