Proceeding contribution from Lord McKenzie of Luton (Labour) in the House of Lords on Wednesday, 6 June 2007. It occurred during Committee of the Whole House (HL) and Debate on bill on Pensions Bill.
Pensions Bill
The people who could benefit from these arrangements are those who have significant pension pots. Research has shown that you need a pot of about £100,000 to be able to go down the alternative route of income withdrawal schemes, with all the asset management and associated costs that that entails, so it is not an arrangement that would be available to people in general.
Secondary information
- Type
- Proceeding contribution
- Reference
- 692 c1150
- Session
- 2006-07
- Chamber / Committee
- House of Lords chamber
- Subjects
- Assets Annuities Investment Insolvency Government assistance Financial assistance scheme Personal savings Workplace pensions Pensions Pension funds Pension Protection Fund Married people Pension rights Overseas residence
- Legislation
- Pensions Bill 2006-07
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-12-15 11:39:22 +0000
- URI
- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_401265
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- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_401265
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