Lord Stoneham of Droxford
Main Page: Lord Stoneham of Droxford (Liberal Democrat - Life peer)Department Debates - View all Lord Stoneham of Droxford's debates with the Department for Work and Pensions
(8 years ago)
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Baroness Altmann
This Government have made an absolute commitment that winter fuel payments will be protected up to 2020. Any changes that a future Government may wish to make will be decided in due course.
Lord Stoneham of Droxford (LD)
One of the groups that particularly benefits from the high state pension, championed by my colleague Steve Webb in the last Government, is the self-employed. However, the proportion of self-employed in private pensions is disappearing over a cliff. What plan do the Government have to address this problem?
Baroness Altmann
The noble Lord makes an important point; it is one that the Government have already been looking at. The new state pension will give much more clarity and generosity to the base on which the self-employed can build. The new lifetime ISA may be an opportunity for the self-employed to save in a way that they might be more comfortable with, rather than locking money irrevocably into a pension in their 20s and 30s.