UK Parliament / Open data

Pensions Bill

Proceeding contribution from Baroness Turner of Camden (Labour) in the House of Lords on Wednesday, 18 December 2013. It occurred during Debate on bills and Committee proceeding on Pensions Bill.

I thank all noble Lords who have contributed to this debate, which I found extremely interesting. My noble friend Lord Whitty was quite right that this amendment is in the wrong place and should have been on Clause 3 rather than Clause 2. However, it has enabled us to have a discussion about what the full rate of the single state pension ought to be. A number of noble Lords expressed a view that indicates that it is certainly worth considering, although I am not surprised that the Minister’s argument relied heavily on the cost if we got what we wanted, which is a great deal more than I think most people contemplated.

Even so, there is a case for looking again at the level that is being paid, because a lot of people will rely on this. They rely on the basic state pension—they do now—and few of them will have savings or access to a decent pension provided by an employer, although we hope that the new arrangements with regard to automatic enrolment in the new pension schemes will enable people to save. That needs to be looked at, and we will have an opportunity to do so later in the passage of the Bill. In the mean time, I thank all noble Lords for their contribution, and I look forward to hearing what the Minister has to say, particularly about the cost. I beg leave to withdraw the amendment.

About this proceeding contribution

Reference

750 c319GC 

Session

2013-14

Chamber / Committee

House of Lords Grand Committee

Legislation

Pensions Bill 2013-14
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