COMMONS

Lord Willetts and Steve Webb questioned on intergenerational fairness

01 March 2016

The Work and Pensions Committee takes evidence from two former ministers and experts in the intergenerational fairness debate.

Witnesses

Wednesday 2 March 2016, Wilson Room, Portcullis House

At 9.30am

  • Rt Hon Lord Willetts, Executive Chair, The Resolution Foundation (formely Minister of State for Universities and Science)
  • Rt Hon Steve Webb, Director of Policy, Royal London (formerly Minister of State for Pensions)

Inquiry background

Lord Willetts has written extensively on the issue of intergenerational fairness and argues that policy has been skewed too far in favour of the 'baby boomers'. As pensions minister, Steve Webb oversaw major pension reforms including the state pension triple-lock, increases to the state pension age and the new single-tier state pension.

Purpose of the session

The committee considers the following areas:

  • What 'intergenerational fairness' and the concept of a 'social contract' between generations mean in practice
  • The role of demography and policy in driving disparities between generations
  • Whether inequality between generations is a more pressing issue than inequality within generations, and how it should be addressed
  • The future of the state pension triple-lock and the long-term outlook for pensions and pensioner benefits

Further information

Image: iStockphoto

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