Proceeding contribution from John Penrose (Conservative) in the House of Commons on Tuesday, 16 January 2007. It occurred during Debate on bill on Pensions Bill.
Pensions Bill
My hon. Friend will of course be aware of the comments made by Lord Turner in his report to the effect that one has to give people a minimum length of time to complete the financial planning for their retirement. While it probably would be possible to compress the timescale in the way that he is describing, there is a cut-off point because after a certain stage in people’s working life they cannot alter their financial plans that much. There might be some scope for compression, but there would be a limit to it.
Secondary information
- Type
- Proceeding contribution
- Reference
- 455 c707
- Session
- 2006-07
- Chamber / Committee
- House of Commons chamber
- Subjects
- Child benefit Carers Age Costs Women Employment Eligibility Expenditure Divorce Grandparents Index linking Pension credit Personal savings Low incomes Pay Workplace pensions Poverty Pensions Payments Personal pensions National insurance contributions Part-time employment Means-tested benefits Older workers Married people Low pay Lone parents Overseas residence Social security benefits State retirement pensions Reform Retirement Uprating Life expectancy Labour market Personal Accounts Delivery Authority State second pension
- Legislation
- Pensions Bill 2006-07
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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