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Proceeding contribution from Baroness Noakes (Conservative) in the House of Lords on Monday, 11 June 2007. It occurred during Committee of the Whole House (HL) and Debate on bill on Pensions Bill.

Pensions Bill

The noble Baroness, whom I am sure had great hopes for the stakeholder scheme, has to accept that it was an abject failure. Many empty stakeholder schemes were set up because employers had to have some form of provision available, but they did not have to try to enrol anybody into them. There was absolutely no encouragement to see stakeholders alongside existing provision. It was an entirely separate experiment which failed. There is absolutely no doubt about that. It was never conceived on the same scale as this. It was never marketed or developed to operate alongside. It simply never took off. The statistics are relatively clear. The sheer volume of saving in stakeholders is testimony to that.

Secondary information

Type
Proceeding contribution
Reference
692 c1534 
Session
2006-07
Chamber / Committee
House of Lords chamber
Subjects
Disclosure of information Data protection Costs Annuities Allowances Civil service Advisory services Conflict of interests Women Equality Finance Families Freedom of information ICT Information Discrimination Misconduct Private sector NHS Low incomes Northern Ireland Pay Public appointments Workplace pensions Pensions Public sector Public participation Standards Teachers Small businesses Tax allowances Pensions Commission Gender impact assessment Personal Accounts Delivery Authority Pensions Advisory Service National employment savings trust scheme
Legislation
Pensions Bill 2006-07
Link
View this Proceeding contribution on www.publications.parliament.uk