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715807
unstar this property registered interest false more like this
unstar this property date less than 2017-03-30more like thismore than 2017-03-30
star this property answering body
Department for Work and Pensions remove filter
star this property answering dept id 29 more like this
unstar this property answering dept short name Work and Pensions more like this
star this property answering dept sort name Work and Pensions more like this
unstar this property hansard heading Carers: Pensions remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Work and Pensions, what information his Department holds on the trends in the number of carers withdrawing their private pensions before reaching state pension age. more like this
star this property tabling member constituency Stockton North more like this
star this property tabling member printed
Alex Cunningham more like this
star this property uin 70110 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2017-04-18more like thismore than 2017-04-18
unstar this property answer text <p>The government does not hold data on the number of carers withdrawing their private pensions to access the pension freedoms. The introduction of the pension freedoms offered individuals more choice on how to manage their financial affairs. The Government believes that in general people should be trusted to make their own choices about how to use their pension savings in later life - that includes access due to caring or ill health.</p><p> </p><p>Many people with caring responsibilities can and do balance work and care, and this helps them plan for and boost their retirement income, and maintain wellbeing in later life. In recognition Government is working to ensure that adult carers can be supported to remain in and return to work. For example Government is working with stakeholders on a Carers Strategy to strengthen the support that is available to carers and has ensured that carers are central to its reforms to care and support with stronger rights in the Care Act 2014.</p><p> </p><p>Through its recent Fuller Working Lives Strategy and its Work, Health and Disability Green Paper, the government has set out to ensure that wherever possible people with health conditions can be supported to remain in and return to work. This is good for both their finances, health and wellbeing. People who are unable to work and who are in receipt of certain welfare benefits will receive National Insurance credits to ensure they continue to build up Qualifying Years for their State Pension.</p><p> </p><p>We are working with industry bodies, consumer representatives, the Treasury, the Financial Conduct Authority and the Pensions Regulator to interpret emerging research and data findings, and actively monitoring the market to understand the choices that consumers are making and identify emerging concerns.</p>
star this property answering member constituency Watford more like this
star this property answering member printed Richard Harrington remove filter
star this property grouped question UIN 70182 more like this
star this property question first answered
less than 2017-04-18T16:39:45.047Zmore like thismore than 2017-04-18T16:39:45.047Z
star this property answering member
4068
star this property label Biography information for Lord Harrington of Watford more like this
star this property tabling member
4122
unstar this property label Biography information for Alex Cunningham more like this