The Parliamentary Under-Secretary of State for Work and Pensions
()
I beg to move,
That the draft Guaranteed Minimum Pensions Increase Order 2020,
which was laid before this House on 27 January, be approved.
The GMP increase order is an entirely technical matter that is
attended to in this place every year. It is subject matter that
is dealt with under every successive Government. The statutory
instrument provides for defined-benefit or final-salary
occupational pension schemes that are contracted out to increase
members’ guaranteed minimum pensions that accrued between 6 April
1988 and 5 April 1997 at 1.7%, in line with the increase in the
consumer prices index to September 2019. I commend this order to
the House.
8.44 pm
(Weaver Vale) (Lab)
I thank the Minister for his comments.
On the uprating of the state pension in line with the triple
lock, we are pleased that the Government have kept to this
despite some voices on the Conservative Benches arguing, at an
early stage, that the triple lock should be scrapped. This comes
at a time when pensioner poverty is on the rise for the first
time in five years, according to the recent Joseph Rowntree
Foundation report, “UK Poverty 2019/20”. The shadow pensions
Minister, my hon. Friend—my good friend—the Member for
Birmingham, Erdington (), who cannot be with us today,
is correct to assert that the Government have failed to encourage
take-up of pension credit, which is down from 70% in 2010 to 64%
in 2016-17, and have introduced new rules on eligibility that put
a young partner at potential risk of being sanctioned and could
leave couples over £7,000 a year worse off.
The other point I would like to pick up on with the Minister and
the Government is that they have failed to address the financial
hardship faced by millions of women born in the 1950s due to the
hurried and unfair changes in pensions policy. I do hope that the
Minister and the Government rectify this to ensure that these
millions of women get justice over the duration of this
Parliament.
Question put and agreed to.
Resolved,
That the draft Guaranteed Minimum Pensions Increase Order 2020,
which was laid before this House on 27 January, be approved.
