Baroness Nicky Morgan has told Health & Protection she is considering resuming her quest to secure an inquiry on women’s financial resilience in the House of Lords following an unsuccessful attempt last year.
In May of last year at the Women in Protection conference, Baroness Morgan (pictured) told delegates she was seeking a Lords inquiry into the subject which would aim to be one of the four ad-hoc inquiries launched last year and would start that summer, continuing into this year.
To mark International Women’s Day (8 March), Health & Protection contacted Baroness Morgan to find out about progress had been made on the inquiry and found her efforts have so far been unsuccessful.
Bidding again
“Unfortunately I was unsuccessful in securing the inquiry in 2025,” Baroness Morgan told Health & Protection. “I may well bid again this year as the issues remain very live.
This issues matters
The peer added that this issue matters because multiple sources of evidence show that women are more likely to experience financial difficulties and have lower overall financial resilience.
“In particular, the average pension savings of women is lower, often the gender pay gap becomes the gender pension gap, and women are more vulnerable to having higher levels of debt,” she continued.
Not taken seriously enough
Baroness Morgan maintained she does not think this issue is being taken seriously or addressed specifically enough.
“We have the Pensions Bill going through Parliament at the moment and the government’s Pension Commission but I still don’t hear women’s financial resilience discussed in the mainstream of such debates,” she concluded.