Pension Reform

Part of Oral Answers to Questions — Work and Pensions – in the House of Commons at 2:30 pm on 31st October 2005.

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Photo of David Blunkett David Blunkett The Secretary of State for Work and Pensions 2:30 pm, 31st October 2005

We should look to the state, to the individual and their responsibility and to employers. If we can get a tripartite approach that balances those different elements, we will have a pension scheme that is viable for the future and that provides people with the necessary retirement income to see them through the extra nine-to-12 years that they now live compared with 40 years ago, when Barbara Castle dealt with the issue very well. If we had only been able to see then the longevity that exists now, we might have been able to put a more secure and stable scheme in place.