(8 years, 7 months ago)
Commons Chamber20. What assessment he has made of the effect of state pension reform on gender inequality.
Last month, we introduced a new simpler state pension as part of our wider package of pension reform. The combination of the new state pension, automatic enrolment, the triple lock, the protection of benefits and giving people power over their pension pots will ensure that pensioners, male and female, will have greater protection, security and choice in retirement.
Protection is all very well, but introducing the new state pension in 2016 means that 350,000 women who were born between 1951 and 1953 will retire on the old system just before the new provisions come into force, whereas a man born on exactly the same day will retire slightly later but receive a pension under the new arrangements. Will the Minister please heed the Scottish National party’s calls to establish a pensions commission in order to end these inequalities?
The hon. Lady was not here in the last Parliament when we debated and voted on these changes. We debated them at enormous length and a clear decision was made by Parliament. As part of that, a concession of more than £1.1 billion was introduced to limit the impact of the rising state pension age on those women who would be most affected. Let us be clear: there is no party in this Chamber that has a clear and coherent proposal for unwinding the changes that have been made since 1995 to equalise the state pension ages. I therefore have no plans to bring forward further concessions or changes.