Proceeding contribution from Gordon Brown (Labour) in the House of Commons on Tuesday, 17 April 2007. It occurred during Opposition day on Occupational Pensions.
Occupational Pensions
The hon. Gentleman clearly has not read the papers in any depth. What the Treasury said was that actuaries would assume that there would be a 7 to 20 per cent. fall in the share price immediately after the announcement, but in fact the share price rose. It rose by 0.5 per cent., then it rose by 12 per cent. over the quarter, and then it rose by 27 per cent. over the year. That is why the assets of pension funds, which is the big issue, rose from £549 billion in 1996 to £820 billion by 1999.
Secondary information
- Type
- Proceeding contribution
- Reference
- 459 c177
- Session
- 2006-07
- Chamber / Committee
- House of Commons chamber
- Subjects
- Pensioners Workplace pensions Pensions Personal pensions Pension funds Treasury
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- Timestamp
- 2023-12-15 11:35:29 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_389800
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