Oral Answers to Questions

Damien Moore Excerpts

Monday 11th February 2019 Commons Chamber

[The Parliamentary Under-Secretary of State for Work and Pensions (Guy Opperman)]

The reality is that the absolute poverty rate for pensioners has fallen to a record low, with over 200,000 fewer pensioners in absolute poverty before housing costs. The state pension has also increased by over £1,000 in cash terms since 2010 by reason of the triple lock, as well as many other reasons.

[Damien Moore (Southport) (Con)]

T9. Will the Minister explain how today’s announcement will deter reckless bosses from mismanaging pensions?

[Guy Opperman]

My hon. Friend’s constituents in Southport will be reassured that the Government are cracking down on the mismanagement of existing defined benefit pensions, so that his constituents can ensure they get the pensions they deserve and have saved for.