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Ministerial statement on Thursday, 25 May 2006, in the House of Commons, led by Lord Hutton of Furness.

Pensions Reform

Statement on the future of the pensions system.

Secondary information

Type
Parliamentary proceeding
Reference
446 c1648-70 
Session
2005-06
Department
Department for Work and Pensions
Chamber / Committee
House of Commons chamber
Related items
Proceeding contributions
Jim Cousins | 446 c1659 (Link to this contribution) I congratulate my right hon. Friend on his statement. I hope he will not mind my spoiling the consen...
Lord Hutton of Furness | 446 c1660 (Link to this contribution) We have done that already, and those are matters for my right hon. Friend the Chancellor of the Exch...
Show all contributions (92)
Charles Walker | 446 c1660 (Link to this contribution) I welcome much of what the Secretary of State has said. He is aware that many people with quite smal...
Anne Begg | 446 c1660-1 (Link to this contribution) I was interested to hear what the Secretary of State had to say about women and pensions, and I thin...
Lord Hutton of Furness | 446 c1661 (Link to this contribution) We will change the way in which carers’ contributions accrue for pension entitlement under both the ...
Mark Pritchard | 446 c1661 (Link to this contribution) Given that employers can opt out of the personal accounts, what projections has the Department made ...
Lord Hutton of Furness | 446 c1661 (Link to this contribution) I am grateful to my hon. Friend for what he has said. I do not know the precise figures relating to ...
Ashok Kumar | 446 c1661 (Link to this contribution) May I praise the Secretary of State for a courageous and forward-looking statement? How many of the ...
Natascha Engel | 446 c1662 (Link to this contribution) I know that means-testing pensioners has been unpopular with some, but the truth is that pension cre...
Lord Hammond of Runnymede | 446 c1651-3 (Link to this contribution) I congratulate the Secretary of State on the safe delivery of his White Paper to the House. Frankly,...
Speaker | 446 c1656 (Link to this contribution) Order. These are complicated matters, and the House should listen courteously to the Member addressi...
Lord Hutton of Furness | 446 c1655 (Link to this contribution) I am very grateful to my right hon. Friend—[Laughter.] I thank him for welcoming those parts of the ...
Terry Rooney | 446 c1657 (Link to this contribution) I congratulate my right hon. Friend on the comprehensive reform package that he has brought forward ...
Speaker | 446 c1658 (Link to this contribution) Order. I think that the hon. Gentleman has probably said enough for the time being.
Speaker | 446 c1659 (Link to this contribution) Order. These are complicated matters, and the Front-Bench spokesmen understandably took quite a long...
Lord Hutton of Furness | 446 c1658 (Link to this contribution) I am grateful to the hon. Gentleman for his support, and I appreciate the work that he does in the H...
Edward Leigh | 446 c1666 (Link to this contribution) It is easy for politicians to make promises today that have to be paid for by electors tomorrow. Doe...
Lord Hutton of Furness | 446 c1666 (Link to this contribution) That figure is buried in the White Paper somewhere. I know that there is a table with that informati...
Lord Hutton of Furness | 446 c1666 (Link to this contribution) We are aware of the issue to which my hon. Friend draws attention. The state pension age will reach ...
Julian Lewis | 446 c1666 (Link to this contribution) The Secretary of State reiterated today what he said on16 March, which is that he still proposes to ...
Lord Hutton of Furness | 446 c1663 (Link to this contribution) We have broadly followed Lord Turner’s analysis and recommendations. He looked at that proposal and ...
Derek Wyatt | 446 c1663 (Link to this contribution) I thank my right hon. Friend for the courtesy that he and his predecessors have extended in the past...
Justine Greening | 446 c1663 (Link to this contribution) Given that one of the main drivers for reform is the decline in the dependency ratio over forthcomin...
Lord Hutton of Furness | 446 c1662 (Link to this contribution) The decision to uprate the pension credit from 2008 in line with earnings is an affordable decision ...
Lord Hutton of Furness | 446 c1665 (Link to this contribution) I am very familiar with that scheme; indeed, some of my right hon. and hon. Friends have also raised...
Desmond Swayne | 446 c1665 (Link to this contribution) What comfort can APW workers take from this statement, who were excluded from the terms of the finan...
Ian Lucas | 446 c1664 (Link to this contribution) I warmly welcome the restoration by a Labour Government of the earnings link, which was so cruelly t...
Lord Hutton of Furness | 446 c1664 (Link to this contribution) I am grateful to my hon. Friend for that question. I obviously do not know the details of his mother...
John Greenway | 446 c1664 (Link to this contribution) Who will be responsible for the clarity of the explanatory leaflets for personal accounts, given tha...
Lord Hutton of Furness | 446 c1670 (Link to this contribution) No, the White Paper contains no announcements of changes to the PPF, which has only just begun opera...
Speaker | 446 c1670 (Link to this contribution) I thank the House for its response to my earlier plea about the way in which questions should be ask...
Lord Hutton of Furness | 446 c1670 (Link to this contribution) I am grateful to my hon. Friend. We will continue to look at every aspect of the matters that he has...
Tom Levitt | 446 c1670 (Link to this contribution) And finally, I am sure that the whole House is grateful to you, Mr. Deputy Speaker, for allowing the...
Frank Doran | 446 c1668 (Link to this contribution) I congratulate my right hon. Friend on the White Paper and the manner in which he secured it. On beh...
Lord Hutton of Furness | 446 c1668-9 (Link to this contribution) I am grateful to my hon. Friend for his kind words, which are much appreciated. I said earlier that ...
Clive Betts | 446 c1669 (Link to this contribution) I warmly welcome the totality of the package that my right hon. Friend has announced, but will he gi...
Lord Hutton of Furness | 446 c1669 (Link to this contribution) We will certainly look at what my hon. Friend suggests, and I welcome his support for the White Pape...
Rob Marris | 446 c1669 (Link to this contribution) My question is along similar lines to the one asked by my hon. Friend the Member for Sheffield, Atte...
Lord Hutton of Furness | 446 c1669 (Link to this contribution) The 1 per cent. tax relief in the NPSS will be paid in the normal way that tax relief is paid into e...
Adrian Bailey | 446 c1669-70 (Link to this contribution) I welcome the announcements made by my right hon. Friend, especially those having to do withthe fina...
Lord Hutton of Furness | 446 c1670 (Link to this contribution) I am grateful to my hon. Friend. Again, it is very difficult to offer a precise estimate, but severa...
Lord Hutton of Furness | 446 c1668 (Link to this contribution) My hon. Friend is right, and we have already informed the Equal Opportunities Commission that we wil...
Richard Burden | 446 c1670 (Link to this contribution) May I add my congratulations to my right hon. Friend? There are many positive elements in the packag...
Lord Hutton of Furness | 446 c1659 (Link to this contribution) That is certainly not the case, as Lord Turner has made clear. We must take into account not just re...
Alun Michael | 446 c1660 (Link to this contribution) I warmly welcome the statement, and everything that my right hon. Friend has said. May I ask specifi...
Greg Clark | 446 c1660 (Link to this contribution) The Secretary of State has made it clear that the earnings link will be restored in 2012, subject to...
Lord Hutton of Furness | 446 c1660 (Link to this contribution) I thank my right hon. Friend for his support, and pay tribute to the work done by him and others in ...
Lord Hutton of Furness | 446 c1661 (Link to this contribution) We think that many millions of people will save under the NPSS, which will provide a welcome boost t...
Lord Hutton of Furness | 446 c1662 (Link to this contribution) I should be happy to look into that if the hon. Gentleman would like to come and see me.
Vincent Cable | 446 c1661-2 (Link to this contribution) Will the Secretary of State investigate an alarming practice involving occupational pensions? Overse...
Lord Hutton of Furness | 446 c1662 (Link to this contribution) We are making it clear that there will be a continuing role for targeted financial support for the p...
Lord Dodds of Duncairn | 446 c1662 (Link to this contribution) I, too, welcome the changes to the financial assistance scheme. Workers in my constituency at the Ri...
Lord Hutton of Furness | 446 c1648-51 (Link to this contribution) With permission, Mr. Speaker, I should like to make a statement on the future of our pensions system...
David Laws | 446 c1656-7 (Link to this contribution) I am grateful to you, Mr. Deputy Speaker. These are important issues, and we are entitled to ask the...
David Laws | 446 c1655-6 (Link to this contribution) I start by adding our congratulations to Lord Turner and his fellow commissioners on what is clearly...
Lord Field of Birkenhead | 446 c1654-5 (Link to this contribution) I congratulate the Secretary of State on trying to make a silk purse out of a pig’s ear. I draw his ...
Lord Hutton of Furness | 446 c1657-8 (Link to this contribution) I am grateful to my hon. Friend for reminding us that the Conservative party’s policy at the general...
John Butterfill | 446 c1658 (Link to this contribution) I congratulate the right hon. Gentleman on a thoughtful package of proposals. I want to ask some que...
Lord Hutton of Furness | 446 c1657 (Link to this contribution) I am grateful to the hon. Gentleman for his support. I fundamentally reject his analysis that this i...
Nicholas Winterton | 446 c1659 (Link to this contribution) May I ask a direct question about the state second pension? There has already been a certain amount ...
Lord Hutton of Furness | 446 c1659 (Link to this contribution) We will certainly do that. I think that what we have announced constitutes a significant extension o...
Denis MacShane | 446 c1659 (Link to this contribution) I welcome my right hon. Friend’s package, especially his action in reducing the shadow of the means ...
Lord Hutton of Furness | 446 c1667 (Link to this contribution) Unfortunately, on a day of consensus, I have to agree with my hon. Friend. At least there is a conse...
Lord Hutton of Furness | 446 c1667 (Link to this contribution) I am always happy to talk to the hon. Gentleman about any problem in his constituency and to meet hi...
Lord Bellingham | 446 c1667 (Link to this contribution) The Secretary of State will be aware that hundreds of former Albert Fisher employees in my constitue...
Ian Davidson | 446 c1666 (Link to this contribution) I question the fairness of raising the retirement age. The average life expectancy for a man in my c...
Lord Hutton of Furness | 446 c1667 (Link to this contribution) I do not know the exact figure, but only a few employers fall into that category. My right hon. Frie...
Baroness Ussher | 446 c1667 (Link to this contribution) Does my right hon. Friend agree that the proposal to finance the restoration of the earnings link in...
Peter Bone | 446 c1668 (Link to this contribution) If I have understood the Secretary of State correctly, in 2044 the retirement age will increase to 6...
Lord Hutton of Furness | 446 c1668 (Link to this contribution) With great respect to the hon. Gentleman, there is a limit to the range of my knowledge and wisdom o...
John Denham | 446 c1667 (Link to this contribution) I thank my right hon. Friend for his promise to meet members of the APW scheme, because they—and we—...
Lord Hutton of Furness | 446 c1667-8 (Link to this contribution) I thank my right hon. Friend for those remarks. It is probably best for others to make such claims—b...
Tony Lloyd | 446 c1668 (Link to this contribution) I, too, congratulate my right hon. Friend on an excellent package. Perhaps the best aspect of it is ...
Nia Griffith | 446 c1668 (Link to this contribution) Given that many more people now have a fragmented employment history, moving from one employer to an...
Lord Hutton of Furness | 446 c1668 (Link to this contribution) That is a very important point. Many of the workers who are not currently saving for their own retir...
Lord Hutton of Furness | 446 c1663-4 (Link to this contribution) This is a very interesting area on which, if I am being honest with my hon. Friend, we need to do mo...
Lord Hutton of Furness | 446 c1663 (Link to this contribution) I do not think so. For reasons that I have tried to spell out and that I do not want to repeat, it i...
Lord Hutton of Furness | 446 c1663 (Link to this contribution) That will depend largely on whether such people meet the FAS eligibility conditions, which we are no...
Lord McFall of Alcluith | 446 c1662 (Link to this contribution) I draw the Secretary of State’s attention to the Treasury Committee report on this issue, published ...
Lord Hutton of Furness | 446 c1662-3 (Link to this contribution) I agree absolutely with my right hon. Friend and I congratulate him and his Committee on a very good...
Hywel Williams | 446 c1663 (Link to this contribution) Plaid Cymru and the Scottish National party welcome the improvements to the position of women and th...
Baroness Brown of Silvertown | 446 c1666 (Link to this contribution) Can my right hon. Friend tell me what ages children will need to be to qualify their parent or carer...
Kelvin Hopkins | 446 c1665 (Link to this contribution) I very much welcome my right hon. Friend’s statement today, representing as it does the breaking of ...
Lord Hutton of Furness | 446 c1665 (Link to this contribution) I am grateful to my hon. Friend for his support, which is important to me. It is worth pointing out ...
Lord Hutton of Furness | 446 c1665 (Link to this contribution) I agree with the hon. Gentleman on that point. We have made it clear today that, as the White Paper ...
Bob Spink | 446 c1664-5 (Link to this contribution) Will the Treasury consider ways of assisting small and medium-sized enterprises, in particular, in m...
Lord Hutton of Furness | 446 c1654 (Link to this contribution) I think I can assume from that that the hon. Gentleman generally supports the reforms that we are ma...
Lord Hutton of Furness | 446 c1664 (Link to this contribution) I agree with the hon. Gentleman on that latter point, and we will have to look very carefully at thi...
Lord Hutton of Furness | 446 c1660 (Link to this contribution) This is not a project with an uncertain outcome.
Diana Johnson | 446 c1663 (Link to this contribution) I congratulate my right hon. Friend on the White Paper. I was particularly interested to hear about ...
Subjects
Age Women Insolvency Financial assistance scheme Index linking Pension credit Workplace pensions Pensions State retirement pensions Reform Retirement Average earnings Pensions Commission
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