HC Deb 08 February 1999 vol 325 cc62-3W
20. Mr. Quinn

To ask the Secretary of State for Social Security what assessment he has made of the difficulties faced by those on low and modest incomes in providing for their retirement. [68025]

Mr. Timms

Our Green Paper "A new contract for welfare: Partnership in Pensions" recognised the difficulties in saving for retirement faced by those on low and modest incomes.

This is why we are proposing a new State Second Pension which will give more help to those with low earnings (up to £9,000), as well as carers and the long-term disabled with broken work records due to long-term disability.

From April 1999, the new minimum income guarantee will ensure a decent income in retirement for all.