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Proceeding contribution from Mike O'Brien (Labour) in the House of Commons on Tuesday, 22 April 2008. It occurred during Debate on bill on Pensions Bill.

Pensions Bill

If the hon. Gentleman is asking at what point we will make the transition from PADA to the Personal Accounts Board—the delivery authority for the pension scheme—it is envisaged that we will come to that point in 2012. That is when the Personal Accounts Board—the trustee corporation, in effect—will take over and start to deliver a pension scheme. The aim of PADA is to create the mechanism that will deliver the scheme. The Personal Accounts Board, which will control the trustee corporation, will then provide a personal accounts pension scheme. It is envisaged that that will come into effect in 2012. Does that deal with his point?

Secondary information

Type
Proceeding contribution
Reference
474 c1209 
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
Conditions of employment Cadets Investment Police Workplace pensions Pensions Public service Means-tested benefits Uprating Personal Accounts Delivery Authority National employment savings trust scheme Pensions Regulator
Legislation
Pensions Bill 2007-08
Link
View this Proceeding contribution on www.publications.parliament.uk