State Pension Changes: Women
Debate between Gill Furniss and Christine Jardine(9 months, 1 week ago)
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Gill Furniss (Sheffield, Brightside and Hillsborough) (Lab)
It is an honour to serve under your chairpersonship, Sir Gary.
I thank the hon. Member for Strangford (Jim Shannon) for raising this debate. He was kind enough to participate in my recent Westminster Hall debate on school libraries, and I am delighted to return the pleasure by attending his debate and responding for the Opposition. I also thank the many Members who have turned out today and spoken so eloquently, demonstrating so much understanding of this long-standing issue. I have to declare an interest because I too am a WASPI woman in my 50s. I put that on the record.
As we all know, many women get a rough deal from their pension. Women live around seven years longer than men, meaning our pension wealth needs to go further, yet on average we retire with pension savings of only £69,000 compared with £205,000 for men. Pensions were introduced at a time when the workforce was predominantly composed of men as the primary or sole breadwinner, with women expected to rely on their husbands’ pensions for an income in retirement. We were systematically denied the opportunity to achieve our own economic independence and security. Thankfully, legislation and societal attitudes have come a long way since the 1970s, but the impact of those historical practices continues to affect women’s economic status in retirement. Even today, women’s average pay is equivalent to 75% of a man’s and a lower salary will inevitably result in lower pension contributions and worse retirement outcomes.
Christine Jardine (Edinburgh West) (LD)
I thank the hon. Member for giving way and also congratulate the hon. Member for Strangford (Jim Shannon) on bringing the debate. On the inequalities the hon. Lady talked about, although many of us are not directly affected, there cannot be a family in this country that does not have a woman or a close relative who has been affected. Does she think that perhaps the Government need to reexamine whether they fully appreciate the scale of the problem and that they should listen to those of us who have been fighting this cause since the day we were elected, which is many years now?