Source · Select Committees · Work and Pensions Committee
Recommendation 30
30
Acknowledged
State pension design and level significantly influence pensioner poverty and health outcomes.
Conclusion
We note evidence from the UK and internationally shows that the design and level of state pension benefits can have a significant impact on pensioner poverty, as well as improving health outcomes. (Conclusion, Paragraph 146)
Government Response Summary
The government acknowledges challenges in the pensions system for future generations and has established a Pensions Commission to examine long-term questions of adequacy and retirement outcomes, alongside plans to support employment.
Government Response
Acknowledged
HM Government
Acknowledged
The Government is also looking to the future of our pensions system. Automatic Enrolment has been a success with 9 out of 10 eligible employees saving into a workplace pension, but future generations of pensioners face uncertainty because we know some will have incomes that are too low, risks that are too high, and a system that is too unequal. We know that some of today’s workers are not saving enough towards a pension or not saving at all: women, younger people, low-earners, self-employed. That’s why we have established the Pensions Commission to look at the long-term questions of adequacy and retirement outcomes. This is alongside the Government’s plans to support good work and higher employment - because by boosting the incomes of today’s workers we will be supporting them to save for their retirement.