Pensions: Gender Gap Debate

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Baroness Deech

Main Page: Baroness Deech (Crossbench - Life peer)

Pensions: Gender Gap

Baroness Deech 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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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.

Baroness Deech Portrait Baroness Deech (CB) [V]
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Some 200,000 women have been underpaid their state pensions for up to 20 years. I might be one of them. I declare an interest as the proud recipient of £6.79 a week. Yet there is little movement on the part of the DWP, and I and those others cannot find out. Letters go unanswered and messages say, “Don’t contact us, we’ll contact you”. How long will it take to achieve repayment?

Baroness Scott of Bybrook Portrait Baroness Scott of Bybrook (Con)
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My Lords, the DWP is working extremely hard on making sure that these underpayments are repaid. It is putting in a new team of 360 people to work through it, and we hope that all those underpayments will be paid by the end of 2024.