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
Of course we want that to happen, but I am not looking backwards; I am looking at where we are and at what pension pots are available today. My noble friend Lady Hollis is right about the sort of pots that people could accumulate under the new savings arrangements if one projects forward over 40 years, and we should welcome that. This situation does not necessarily continue for ever, but that is quite different from saying that today people on median earnings could take advantage of these sorts of arrangements. In my view, that is simply not the case.
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
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- Timestamp
- 2023-12-15 11:39:22 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_401267
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