Pensioner Poverty State Pension Age 2023-03-06
2023-03-06
TAGS
Response quality
Questions & Answers
Q1
Partial Answer
▸
Context
The MP is concerned about increasing pensioner poverty due to the rising state pension age.
What assessment has been made of the potential impact of increasing the state pension age on trends in the level of pensioner poverty?
My review of the state pension age is under way. The review will consider a wide range of evidence, including two independent reports, to assess whether the rules on pensionable age remain appropriate.
▸
Assessment & feedback
The specific impact of raising the state pension age on pensioner poverty trends was not addressed.
Under Review
Response accuracy
Q2
Partial Answer
▸
Context
Age UK analysis shows that accelerating the rise of the state pension age will affect pre-state pension age households with no savings.
Should an independent pensions and savings commission be established to ensure pension policies reflect demographic needs?
The two reports are from the Government Actuary's Department and Baroness Neville-Rolfe. We consider issues such as pensioner poverty, which has improved since 1999 with relative pensioner poverty halved and absolute poverty reduced by 400,000 since 2009-10.
▸
Assessment & feedback
The specific need for an independent commission was not addressed.
Under Review
Consideration Of Pensioner Poverty
Response accuracy
Q3
Partial Answer
▸
Context
The MP questions the realism of expecting people to spend a third of their lives on pensions.
Is it realistic to expect people to spend a third of their lives on a pension?
I have great respect for my right hon. Friend, but I am afraid that although he tempts me to answer that question, I cannot prejudge the decisions that I will take in the review.
▸
Assessment & feedback
The realism of expecting people to spend a third of their lives on pensions was not addressed.
Cannot Prejudge
Response accuracy