Emma Reynolds MP: speeches 2024
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Speeches
- 16 Dec 2024 · Inflation: Pensioner Living Standards · Hansard source
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Due to the Government’s steadfast commitment to the triple lock, pensioners will see an above-inflation increase of 4.1% in their state pension next year, which means that they will be up to £470 better off—and, over the course of this Parliament, over £1,900 better off.
- 16 Dec 2024 · Inflation: Pensioner Living Standards · Hansard source
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We will not reconsider that decision, because as a result of the £22 billion black hole that we inherited from the Conservative party, we have had to take tough decisions in a very tight fiscal environment. However, my hon. Friend has given me the opportunity to remind people that they have until Saturday to make a pension credit claim, which can be backdated and will passport them to winter fuel payments and other related benefits.
- 16 Dec 2024 · Inflation: Pensioner Living Standards · Hansard source
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The Chancellor launched a landmark pensions review in July, which I am leading. It has two objectives: to boost returns for future pensioners, so that when they save into private pensions, they get better returns, the likes of which we see in Australia and Canada; and to boost investment in the UK economy.
- 16 Dec 2024 · Topical Questions · Hansard source
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I was the first Minister for eight years to meet the WASPI campaigners to listen to their concerns. The ombudsman took six years to investigate six cases. We are working at pace on this issue. We hope to come to the House soon—if the hon. Gentleman will listen to my answer—to update him and the public on what we will do next.
- 16 Dec 2024 · Topical Questions · Hansard source
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I place on record my thanks to the 160 local authorities that have worked with the Department for Work and Pensions to raise awareness of applying for pension credit, and also to the various charities around the country that have worked with us. The number of people claiming pension credit has doubled—a record number—and we are processing those claims at pace.
- 16 Dec 2024 · Topical Questions · Hansard source
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I thank my hon. Friend for representing the concerns of his constituent. The Department is working closely with the Pensions Regulator. We are looking to gather information on the number of schemes that provide discretionary increases on pre-1997 benefits and those that do not. At the moment, the trustees of those schemes have discretion over the decision to index those benefits.
- 16 Dec 2024 · Topical Questions · Hansard source
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There are unfortunately many such cases in which people are preyed on by scammers. I would be happy to meet my hon. Friend to discuss the case further.
- 16 Dec 2024 · Pensions Auto-enrolment: Lower Earners · Hansard source
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I thank my hon. Friend for that question, which is indeed an interesting idea. It is one that was put forward recently by the Institute for Fiscal Studies, and I will consider it. In the pension schemes Bill, which we will introduce next year, low earners with multiple small pots will have those pots consolidated, so that the money works better for them and gives them a better retirement in the future.
- 16 Dec 2024 · Pensions Auto-enrolment: Lower Earners · Hansard source
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I thank the hon. Member for that question. A number of ideas have been put forward by think-tanks and research institutes. One such idea is a sidecar savings account, which could be used for a pension, but could also have some money set aside for a rainy day should somebody fall into debt. We are considering that. He raises a very important question, because some of those on low incomes sometimes cannot afford to put in those contributions, but there may be a way between opting out and remaining in the scheme, and we are looking at that.
- 16 Dec 2024 · Pensions Auto-enrolment: Lower Earners · Hansard source
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Due to the introduction of auto-enrolment, which is at least one policy that has cross-party support—it was legislated for by the last Labour Government and was taken forward by the coalition Government—there has been a 92% increase in the number of employees saving into a workplace pension scheme since 2012, which is over 10 million people saving for a pension who were not saving previously.
- 16 Dec 2024 · Winter Fuel Payment: Pensioner Poverty · Hansard source
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Indeed, we have taken forward the biggest awareness campaign for claiming pension credit that has ever been seen. We are determined that those on the lowest incomes should claim pension credit and be awarded it, which will passport them to winter fuel payments and other related benefits.
- 16 Dec 2024 · Winter Fuel Payment: Pensioner Poverty · Hansard source
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The Scottish Government have been given a record settlement in the recent Budget. As the hon. Member knows, winter fuel payments and other benefits are devolved to the Scottish Government.
- 16 Dec 2024 · Winter Fuel Payment: Pensioner Poverty · Hansard source
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Under the last Conservative Government, an estimated 880,000 of the poorest pensioners eligible for pension credit were not claiming it. We have launched the biggest ever pension credit awareness campaign and written to 120,000 pensioners on housing benefit, urging them to apply. As a result, claims for pension credit have more than doubled, and those who receive pension credit will also receive winter fuel payments and other related benefits.
- 16 Dec 2024 · Winter Fuel Payment: Pensioner Poverty · Hansard source
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The Government remain absolutely committed to supporting low-income pensioners. We are supporting them through the household support fund, which local authorities can use to help people on the lowest incomes with their bills. The Minister for Energy Consumers, my hon. Friend the Member for Peckham (Miatta Fahnbulleh), has also raised £500 million from energy suppliers to help those most vulnerable consumers in debt. We also have the warm home discount and the warm homes plan to help those on low incomes to heat their homes.
- 16 Dec 2024 · Winter Fuel Payment: Pensioner Poverty · Hansard source
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Claims have more than doubled—they have increased by 145% since late July—and we are working at pace to process those claims. We have deployed an additional 500 staff to ensure that those on the lowest incomes get the pension credit that they need.
- 3 Dec 2024 · Money and Pensions Service · Hansard source
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As the hon. Gentleman knows, the Money and Pensions Service commissions other charities, particularly to work with hard-to-reach vulnerable people. We continue to review its funding and we keep a close eye on the evolving demand and need for its services.
- 3 Dec 2024 · Money and Pensions Service · Hansard source
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My hon. Friend has been a tireless campaigner on this issue. We are reforming buy now, pay later, as the Economic Secretary recently stated in answer to my hon. Friend in the House. The Government recognise the gap between those who need debt and those accessing it, which is why the Money and Pensions Service is exploring ways to improve accessibility, including through outreach initiatives. We continue to keep a close eye on its funding levels to ensure that they reflect demand.
- 3 Dec 2024 · Money and Pensions Service · Hansard source
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The Money and Pensions Service plays a vital role in supporting individuals to manage their money effectively. Its funding levels are regularly reviewed to reflect demand, inflation and evolving needs.
- 3 Dec 2024 · Support for Pensioners · Hansard source
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I am a Minister in both the Treasury and the DWP, so I have conversations with officials about this all the time. We are absolutely determined that those who are eligible for pension credit should be aware that they can apply for it, given our big campaign to raise awareness—only last week we launched a TV campaign on the issue. We have also deployed an additional 500 staff to process those pension credit claims. Thanks to our campaign there has been a 145% increase in the number of claims, which is why the processing is taking a little longer, but we are absolutely focused on speeding it up and ensuring that those who are eligible receive the help they need.
- 3 Dec 2024 · Support for Pensioners · Hansard source
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Thanks to our steadfast commitment to the triple lock, more than 12 million pensioners will benefit from a 4.1% increase in their state pensions next year, and over the course of this Parliament they will be better off by £1,900. Pensioners also benefit from free bus passes, eye tests and prescriptions.
- 12 Nov 2024 · Social Security Advisory Committee: Winter Fuel Payment · Hansard source
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I do apologise for the delay in responding to the committee’s letter; it is regrettable. The initial delay, as I set out, was because we were waiting for the OBR to come forward with its costings of the policy. Then there was another, unexpected delay. There has been a delay— [ Interruption. ] I do not know why I am being heckled; I am trying calmly to explain why there has been a delay, for which I do apologise. We will issue a response very shortly, and certainly by the end of the week. It is important that we respond to that letter. I respect that the hon. Lady is asking that question. Regarding the public sector equality duty, we have done everything in line with the duty, which is to provide an equality analysis of the decision that we have taken. As hon. Members will know, that analysis was published in September. However—I say this gently—after the election we found ourselves in a situation of having a £22 billion black hole, with Treasury reserves spent three times over. The OBR has said that its assessment of the previous Government’s Budget would have been materially different had it known the pressures on spending and the real situation in the Treasury. I note that the hon. Lady does not come with an apology. We have had to take the decision to means-test winter fuel payments. We did not want to do that, but we have had to take some difficult decisions to clear up the mess, to tackle our fiscal inheritance and to start rebuilding our public services, which pensioners across the country and many others rely on.
- 12 Nov 2024 · Social Security Advisory Committee: Winter Fuel Payment · Hansard source
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The previous Government promised 13 years ago to merge housing benefit with pension credit, which would be a significant advance towards improvements. We are introducing that in January. We will have been in power for only six months, but we will have done more than the previous Government did in 14 years.
- 12 Nov 2024 · Social Security Advisory Committee: Winter Fuel Payment · Hansard source
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If the hon. Lady looks at the equality analysis, she will see that those with a disability will be disproportionately likely to retain the winter fuel payment. I urge her to have a look at that.
- 12 Nov 2024 · Social Security Advisory Committee: Winter Fuel Payment · Hansard source
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No.
- 12 Nov 2024 · Social Security Advisory Committee: Winter Fuel Payment · Hansard source
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We will announce new statistics at the end of this month. The committee asked about the 5% increase; that assumption is based on what happened when the previous Government took away free TV licences and people had to apply for them. The OBR accepted our assumption.
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