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Proceeding contribution from Mike O'Brien (Labour) in the House of Commons on Tuesday, 17 July 2007. It occurred during Debate on bill on Pensions Bill.


Pensions Bill

The unclaimed assets in bank and building society accounts are not included in the review, but—my hon. Friend may have missed it—those funds have been allocated to young people. I hope that he or the Conservatives, given that their lifeboat has been sunk by the Young review, would not advocate that we should raid the boat of the young and take their assets. That money is spoken for and is going to young people. The Conservatives may be shifting their ground, but we must not rob our young people to pay the old.


Secondary information

Type
Proceeding contribution
Reference
463 c195 
Session
2006-07
Chamber / Committee
House of Commons chamber
Subjects
Company liquidations Assets Bank services Annuities Insolvency Financial assistance scheme Personal savings Low incomes Pensions Personal pensions Pension funds Pension Protection Fund State retirement pensions
Legislation
Pensions Bill 2006-07
Link
View this Proceeding contribution on www.publications.parliament.uk