PN131202EA

Press Notice

IMMEDIATE

FRIDAY 13 DECEMBER 2002

LORDS INQUIRY TO EXAMINE THE ECONOMICS OF THE UK'S AGEING POPULATION

 The House of Lords Economic Affairs Committee today launched an inquiry into aspects of the economics of an ageing population and issued an invitation for written evidence.

The Chairman of the Committee, Lord Peston, said:

"The economic aspects of ageing are hugely important. The Committee's objective is to clarify the major issues and problems that arise.

"It would be foolhardy to proceed with policy changes until all these major questions are fully examined. Our inquiry and resulting report is intended to contribute to policy development."

Notes for editors:

The Committee will look at the effects the UK's ageing population could have on the supply of labour and capital, wages, interest rates, asset prices (especially housing) and productivity. 

The inquiry will also focus on the following key areas:

•pensions policy (public/private balance)

•age discrimination

•retirement age

•pensioners living in poverty

•savings

The Committee is especially interested in the particular problems that women face in making adequate provision for retirement and how those problems might be tackled by public policy and private pension providers.

The Committee will accept written submissions until 1 March 2003.

Further information (including copies of the call for evidence) from:

Susan Michell, Clerk to the Sub-Committee: Tel: 020 7219 6968  e-mail: [email protected].