Press notice No. 13 of Session 2005-06 8 February 2006
'Select Committee to inquire into pension reform'
The House of Commons Work and Pensions Committee today announced an inquiry "to consider whether the proposals contained in the Pensions Commission's Second Report and the forthcoming Government White Paper provide the basis for enduring pension reform."
Following the publication of proposals for reform set out in the Pensions Commission's Second Report on 30 November 2005, the Government has launched a consultation process, leading to the publication of a White Paper in the Spring which will "seek to lay the basis for a consensus on a lasting pension settlement."
The Committee seeks written contributions on this issue from interested organisations and individuals. Oral hearings will take place in the late spring and early summer. The deadline for written evidence is
Thursday 30 March 2006, although the Committee will accept supplementary memoranda once the Government's White Paper on pension reform is published.
Written submissions should be submitted in accordance with the guidelines on the back of this notice. Particular areas of interest are likely to include:
Whether the proposal for a National Pension Savings Scheme is the right way forward and, if so, how it should work.
The impact on saving behaviour of the reforms and of existing incentives (such as tax relief).
The future role of employers in pension provision and the impact on this of proposals for reform.
Proposals for reform of the state pension system.
Whether, when and by how much the State Pension Age should be increased.
Measures to facilitate later working and flexible retirement.
The impact of reform proposals on the pension incomes of different groups, including the self-employed and those currently at particular risk of being 'under-pensioned', such as women, disabled people, ethnic minorities and people with varied work patterns.
Whether proposals for reform adequately address inequalities in pension provision.
Submissions may address as many, or as few, of these issues as respondents wish.
Submissions should be submitted by e-mail to
[email protected] although hard copies will be accepted if this is not possible. All submissions should be in Word or Rich Text format with as little use of colour as possible.
Each submission should begin with a short summary in bullet point form. The paragraphs in the text of the submission should be numbered. A guide for written submissions to the Committee may be found on the parliamentary website at: http://www.parliament.uk/commons/selcom/witguide.htm
Paper copies should be sent to:
Emily Gregory, Work and
Pensions Select Committee, House of Commons, 7 Millbank, London SW1P 3JA and should if possible be accompanied with a disc with the document in word or rich text format.
Full postal address and contact details should be included however the memorandum is submitted.
Material already published elsewhere should not form the basis of a submission, but may be referred to within a proposed memorandum, in which case a hard copy of the published work should be included.
Memoranda submitted to the Committee must be kept confidential until published by the Committee, unless specifically authorised by the Committee.