Oral Answers to Questions

Sandra Osborne Excerpts

Thursday 10th January 2013 Commons Chamber

[Maria Miller]

An impact assessment relating to a benefit that is predominantly claimed by women will, of course, predict the impact that the hon. Gentleman has described. We need to ensure that families across the board receive the support that will enable them to get into work that pays, and the support that they require for the future.

[Sandra Osborne (Ayr, Carrick and Cumnock) (Lab)]

3. What her policy is on women’s incomes.

[The Parliamentary Under-Secretary of State for Women and Equalities (Jo Swinson)]

The Government are committed to reducing the pay gap and guaranteeing equal pay for women. The latest figure, based on median earnings, shows that the pay gap continues to narrow and currently stands at 19.7% for all employees, but there is, of course, much more to be done, because the existence of a pay gap is unacceptable.

We are making good progress with “Think, Act, Report”, which promotes gender equality and transparency. More than 60 major companies have signed up to it, representing more than 1.2 million people and more than 11% of the target work force.

[Sandra Osborne]

What assessment has the Minister made of the impact on the retirement incomes of low-paid women of excluding all those who earn less than £9,440 a year from the new workplace pensions? Does she realise that 1 million people who could be saving for the future are being left out in the cold, and that 77% of them are women?

[Jo Swinson]

Saving for pensions is very important. That is why the Minister of State, Department for Work and Pensions, my hon. Friend the Member for Thornbury and Yate (Steve Webb), has been promoting workplace pensions. We are introducing the system gradually, because suddenly having to pay money into their pensions that they have not previously had to pay could have a real impact on people’s current incomes, but our plan is, over time, to ensure that everyone saves for a pension.