Written question asked by Lord Varley (Labour), in the House of Lords. It was answered by Lord McKenzie of Luton (Labour) on Monday, 1 October 2007.
Pensions: Annuity Contracts
- Question
- How many of the 403 pension schemes which provided information on their assets to the Andrew Young financial assistance scheme review team have already made legally binding and irrevocable individual annuity contracts for their members with insurance companies; and which are the pension schemes concerned.
- Answer
-
From the data provided to the FAS assets review, we estimate that around 50 per cent of these schemes have taken some steps towards annuitisation. However, it is unclear what proportion of these has entered into individual annuity contracts that are legally binding and irrevocable. Due to commercial sensitivities and commitments made to data providers it is not possible to state which are the pension schemes concerned.
Secondary information
- Type
- Written question
- Reference
- 5139; 694 c187-8WA
- Session
- 2006-07
- Notes
- Answer received between Monday 20 August and Friday 24 August 2007.
- Subjects
- Contracts Annuities Insurance companies Financial assistance scheme Pensions
- Contains statistics
- Yes
- Link
- View this Written question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2013-11-25 05:15:09 +0000
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- http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1258775
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