Skip to main content

Proceeding contribution from Lord Hutton of Furness (Labour) in the House of Commons on Thursday, 22 February 2007. It occurred during Ministerial statement on Occupational Pensions.


Occupational Pensions

Obviously, we will look carefully at all those issues, and we have done so already. That was acknowledged yesterday by the judge in his ruling, but it is important that we all keep our feet on the ground. I know I have made that point, and I do not want to sound like a boring broken record, but I do not believe that there is a pot of gold that we can find to solve these problems. We should bear it in mind that these unclaimed assets belong to other people and the banks and building societies are trying to match the unclaimed assets with their rightful owners. We have to tread very carefully in going down that path. We are prepared, of course—we always have been—to look at those issues, but we need to maintain a common-sense view.


Secondary information

Type
Proceeding contribution
Reference
457 c423 
Session
2006-07
Chamber / Committee
House of Commons chamber
Subjects
Appeals Damages Department for Work and Pensions Department of Social Security EU law Insolvency Legal costs Judgements Leaflets Maladministration Workplace pensions Pensions Misrepresentation Parliamentary Commissioner for Administration Pension funds Pension rights European Court of Justice High Court
Link
View this Proceeding contribution on www.publications.parliament.uk