25 Apr 2019

Select Committee Report: Intergenerational Fairness and Provision

The House of Lords Committee on Intergenerational Fairness and Provision has published its findings, and chief amongst them is a call for government to take steps to deliver a fairer society by ending certain pensioner benefits so that the cost of these can be redistributed and support younger people.

Intergenerational Fairness and Provision 1

Its suggestions include:

Removing the triple lock for pensions, which raises the basic state pension by the rate of average earnings increases, inflation or 2.5% – whichever is higher
Proposing that better off workers over the State Pension age should pay National Insurance while they continue to work
Limiting free bus passes to the over 65s and phasing out free TV licences

In addition to this, it calls on government to make sure that those who work in the so-called "gig" economy have the same rights as other workers.