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Proceeding contribution from Julie Kirkbride (Conservative) in the House of Commons on Thursday, 16 March 2006. It occurred during Ministerial statement on Occupational Pensions.

Occupational Pensions

Whatever the reasons for his announcement, does the Secretary of State accept that all this is a bitter blow to the public’s confidence in saving for a private pension for their retirement? Does he recognise that the £15 billion price tag that he has put on this compensation deal is regarded by many as an excuse by the Government not to pay up? When he publishes the information requested by my hon. Friend the Member for Runnymede and Weybridge (Mr. Hammond), will he also give an assessment of the likely benefit that might accrue to people who have lost their pension scheme so that the House can make a proper assessment of the true compensation package that the taxpayer should be considering?

Secondary information

Type
Proceeding contribution
Reference
443 c1631 
Session
2005-06
Chamber / Committee
House of Commons chamber
Subjects
Compensation Department for Work and Pensions Department of Social Security Liability Leaflets Maladministration Workplace pensions Misrepresentation Parliamentary Commissioner for Administration Pension funds Pension rights
Legislation
Pensions Act 1995
Link
View this Proceeding contribution on www.publications.parliament.uk