Pension ‘rethink’ is not very likely

Photo: John Stillwell/PA Wire
Photo: John Stillwell/PA Wire

Last Tuesday the Environment Agency hosted a drop-in session at Our Lady’s Catholic College for all of those who were affected by the recent flooding.

If you couldn’t make it, they can be contacted on 0345 989 188 to ask for flood risk information.

David Morris MP

David Morris MP

I recently met Work and Pensions Minister Shailesh Vara MP to discuss various pensions changes. The main issue we discussed was the roll out of the automatic enrolment pensions for all employers.

This legislation ensures all workers are given a pension by their employer to allow them to save for their retirement.

Every employer has been given a date where this needs to be implemented based on their PAYE reference and this whole programme is being rolled out by 2018.

The Automatic Enrolment Team would be happy to hold a round table event with local businesses who would like more information. If this is something your business would be interested please register your interest by emailing my office.

Another issue I discussed with the Minister is the changes to the Women State Pension Age which has been brought to my attention recently again following a national campaign.

This was a policy which was debated fully in the House of Commons in 2011 and is being brought in to equalise pension ages for men and women to comply with equality legislation.

Due to public concern at the time of second reading, Ministers went away and made changes to the proposals to mean that, instead of some women having to wait an extra two years to retire, they had to wait a maximum of 18 months, and many much less as a result of the 2011 legislation.

It would cost £30bn to reduce pension ages for women back to the levels in the 1995 reforms and it is therefore not something the Government will be revisiting since it was already fully debated in 2011.

Contact me by email via david.morris.mp@parliament.uk or by telephone on 01524 841225.