What progress her Department has made on the Pensions Review.

What progress her Department has made on the Pensions Review.

I am leading the Government’s landmark pensions investment review, which aims to increase pensions investment in the UK economy and improve retirement outcomes for future pensioners. An interim report will be published soon. Phase 2 of the review, which will focus on pension adequacy, will be launched later this year.

I am leading the Government’s landmark pensions investment review, which aims to increase pensions investment in the UK economy and improve retirement outcomes for future pensioners. An interim report will be published soon. Phase 2 of the review, which will focus on pension adequacy, will be launched later this year.

David Carson and Patricia Kennedy, constituents of mine in Central Ayrshire, face massively reduced pensions payments from their pre-1997 contributions to their Hewlett Packard pension, because current legislation index-links contributions from 1997 only. What assessment has the pensions review made so far of the challenges facing pension schemes, and will the Minister meet me to discuss David and Patricia’s case? The issue affects some hundreds of thousands of people.

David Carson and Patricia Kennedy, constituents of mine in Central Ayrshire, face massively reduced pensions payments from their pre-1997 contributions to their Hewlett Packard pension, because current legislation index-links contributions from 1997 only. What assessment has the pensions review made so far of the challenges facing pension schemes, and will the Minister meet me to discuss David and Patricia’s case? The issue affects some hundreds of thousands of people.

I thank my hon. Friend for raising that case. I would be very happy meet him, or any other hon. Member who has such cases in their constituency; however, the pensions review will look more at how current pension schemes can improve outcomes for future pensioners. We are looking at driving scale in consolidation of defined contribution pension schemes and local government pension schemes, and at a shift away from cost to value. I know that there is interest in that from across the House, and I hope that we can work on it across the parties.

I thank my hon. Friend for raising that case. I would be very happy meet him, or any other hon. Member who has such cases in their constituency; however, the pensions review will look more at how current pension schemes can improve outcomes for future pensioners. We are looking at driving scale in consolidation of defined contribution pension schemes and local government pension schemes, and at a shift away from cost to value. I know that there is interest in that from across the House, and I hope that we can work on it across the parties.

To ask Mr Chancellor of the Exchequer, when he began his review of Inland Revenue rules on partial or flexible retirement; if he will publish his guidelines for the conduct of this review; and when he expects the review to be concluded. - Ref to 359 c175W.

To ask Mr Chancellor of the Exchequer, when he began his review of Inland Revenue rules on partial or flexible retirement; if he will publish his guidelines for the conduct of this review; and when he expects the review to be concluded. - Ref to 359 c175W.

To ask Mr Chancellor of the Exchequer, what progress has been made in the joint review by his Department and the Inland Revenue of flexible retirement; when he expects it to report; and if he will make a statement.

To ask Mr Chancellor of the Exchequer, what progress has been made in the joint review by his Department and the Inland Revenue of flexible retirement; when he expects it to report; and if he will make a statement.

To ask Mr Chancellor of the Exchequer, what has been the total administrative cost to date of the Pensions Mis-selling Review. - Includes figures.

To ask Mr Chancellor of the Exchequer, what has been the total administrative cost to date of the Pensions Mis-selling Review. - Includes figures.

To ask the Secretary of State for Social Security, how many representations were received on the Pensions Review; and how many recommended an increase in the (a) level and (b) scope of the basic state pension. - Includes figures and fact that information on the content of the responses is...

To ask the Secretary of State for Social Security, how many representations were received on the Pensions Review; and how many recommended an increase in the (a) level and (b) scope of the basic state pension. - Includes figures and fact that information on the content of the responses is...

To ask Mr Chancellor of the Exchequer, what progress is being made on Phase 2 of the pensions review; and if he will make a statement. - Ref to 323 c284W.

To ask Mr Chancellor of the Exchequer, what progress is being made on Phase 2 of the pensions review; and if he will make a statement. - Ref to 323 c284W.