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Proceeding contribution from James Purnell (Labour) in the House of Commons on Thursday, 7 December 2006. It occurred during Estimates day on Occupational Pensions.


Occupational Pensions

I am happy to give my hon. Friend that confirmation. I think that there are some members in payment in that scheme. We want trustees, administrators and insurance companies to co-operate as fully as possible. There are now about 600 people in payment, and we are in a position to pay more than 800—that is up from 39 in May. We want to pay more people, but the main obstacle is either schemes requesting initial payments, or problems regarding the completion of schemes’ wind-ups. Although most schemes are being co-operative, we think that several could be making much more progress. We have written to some of those schemes. We have powers to deal with them if they fail to co-operate and, if necessary, we will not be afraid to use those powers.


Secondary information

Type
Proceeding contribution
Reference
454 c544-5 
Session
2006-07
Chamber / Committee
House of Commons chamber
Subjects
Workplace pensions Pensions Ombudsman Parliamentary Commissioner for Administration Health Service Commissioner
Link
View this Proceeding contribution on www.publications.parliament.uk