Source · Select Committees · Work and Pensions Committee
Recommendation 4
4
Accepted
Require the pensions adequacy review to consider pension inequalities and poverty in retirement
Conclusion
The pensions adequacy review should consider pension inequalities, the groups who are more likely to live in poverty in retirement, and how this will be addressed. (Recommendation, Paragraph 30) 81 Impact on older people
Government Response Summary
The government states that the Pensions Commission's terms of reference already specifically include considerations of adequacy and improving retirement outcomes for those at greatest risk of poverty, with its final report expected in 2027.
Government Response
Accepted
HM Government
Accepted
The Pensions Commission’s terms of reference specifically include considerations of adequacy and how to improve retirement outcomes, especially for those on the lowest incomes and at the greatest risk of poverty in retirement and groups that are currently under-saving (www.gov.uk/government/publications/pensions-commission-terms-of-reference). The Commission has begun its work and will consider all of the evidence as part of its workplan, which will also include engagement with a broad range of stakeholders before preparing their recommendations for the Government to consider. The Commission is expected to submit its final report to the government in 2027.