Lord Davies of Brixton
Main Page: Lord Davies of Brixton (Labour - Life peer)Department Debates - View all Lord Davies of Brixton's debates with the Department for Education
(9 months, 3 weeks ago)
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Baroness Barran (Con)
My noble friend is absolutely right. Last June, DWP published an official measure of the gender pensions gap, which is currently 35% in private pensions. The reforms that we brought in will mean that 3 million women will benefit by more than £550 per year by 2030 and that the gender pensions gap will equalise by the early 2040s—more than 10 years earlier than under previous legislation.
Lord Davies of Brixton (Lab)
My Lords, following the previous supplementary question, I think the Minister was referring to achieving equality in state pensions. The big problem—and what is leading to most of the gender pension gap—is the difference in the caring responsibilities, with most unpaid care undertaken by women. The Minister is correct that the Government have identified the problem; can she give a commitment to come up with a worthwhile solution?
Baroness Barran (Con)
As I have already said, the Government are working on a number of different aspects of this. Obviously, a critical part in relation to maternity leave—and the impact that, as the noble Lord rightly says, one can see on the gender pay gap —is our huge commitment to expanding the childcare offer, so that no women will be unable to return to work for lack of childcare support.