Oral Answers to Questions

Gregg McClymont Excerpts

Monday 25th June 2012 Commons Chamber

[Steve Webb]

I can reassure the right hon. Gentleman that the next generation of pensioners will be well looked after and specifically that the starting point for our calculation will be what people have in the bank—that is to say, rights already accrued—and specifically, therefore, if people are heading for a pension of more than £140 at the point we change it and have got that in the bank, it will be respected.

[Gregg McClymont (Cumbernauld, Kilsyth and Kirkintilloch East) (Lab)]

We are hearing from all sides today concern and anxiety about the move to a flat-rate, single-tier state pension. In order to end that anxiety and to answer these questions, will the Minister confirm that a White Paper will be published on this reform? Will he tell us when it will appear?

[Steve Webb]

I am pleased to give the hon. Gentleman the assurance that a White Paper is under active preparation and will be produced.