Proceeding contribution from John Penrose (Conservative) in the House of Commons on Monday, 7 January 2008. It occurred during Debate on bill on Pensions Bill.
Pensions Bill
The Secretary of State has discussed what he hopes will be the effectiveness of automatic enrolment in getting more people to become part of schemes, but is he concerned that it will affect some of the wrong groups of people? He has mentioned those in the early stages of their working career, for whom such a scheme might not be a sensible financial decision. The Government are trying to get round that problem with generic financial advice, but does he agree that there are currently no examples anywhere else in the world of generic financial advice provided with the level of detail and on the scale required to make the system work properly in the UK? If he cannot make the system work in the UK, what is plan B?
Secondary information
- Type
- Proceeding contribution
- Reference
- 470 c63-4
- Session
- 2007-08
- Chamber / Committee
- House of Commons chamber
- Subjects
- Costs Advisory services Women Pension credit Personal income Workplace pensions Poverty Pensions Personal pensions Means-tested benefits Pension funds State retirement pensions Small businesses Reform National employment savings trust scheme
- Legislation
- Pensions Bill 2007-08
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2025-01-13 13:08:32 +0000
- URI
- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_431519
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_431519
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_431519