Proceeding contribution from Lord Garnier (Conservative) in the House of Commons on Tuesday, 17 July 2007. It occurred during Debate on bill on Pensions Bill.
Pensions Bill
Is there not a further danger in relation to the purchase of annuities? Recently, compared with previous years, annuities have been performing pretty poorly. They have not been giving annuity holders the income that they might have given, say, 15 years ago. Is that not a further concern for those with broken pensions? Are they not also entitled to be concerned about what has happened to their additional voluntary contributions and about the sloth with which the Government have sought to mend the broken pensions? I am thinking particularly of my constituents who have seen their British United Shoe Machinery Ltd occupational pensions go down the Swanee, and have received little comfort from the present Prime Minister or the previous Chancellor of the Exchequer.
Secondary information
- Type
- Proceeding contribution
- Reference
- 463 c206-7
- 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
Librarians' tools
- Timestamp
- 2023-12-15 11:43:54 +0000
- URI
- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_411619
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