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Proceeding contribution from Lord Oakeshott of Seagrove Bay (Liberal Democrat) in the House of Lords on Tuesday, 7 October 2008. It occurred during Debate on bill on Pensions Bill.


Pensions Bill

My Lords, this is a wide-ranging debate, but I found that an exceptionally disappointing answer. I could hear the long grass growing as the Minister spoke. I do not see why a lot more work is necessary to establish the scale of the problem. Surely it is a very simple principle: if people have a pot of two or three small amounts such as that, one could set a limit, whether it is £2,000, £100 or £5,000. If that is the limit, that seems a very simple and straightforward principle. The arguments that the noble Baroness has given are quite clear. The amount of money involved cannot be enormous. It is a straightforward, simple question of justice. Unless we have some evidence and response before Third Reading, we shall move an amendment on the matter then. His response was extremely disappointing and does not match up to the problem at all.


Secondary information

Type
Proceeding contribution
Reference
704 c188 
Session
2007-08
Chamber / Committee
House of Lords chamber
Subjects
Contributions Advisory services Fixed penalties Investment Information Insolvency Ethics Personal income Pay Workplace pensions Pensions Personal pensions Pension funds Pension rights Pensions Ombudsman Tribunals Small businesses Tax allowances Taxation Pensions Regulator Personal Accounts Delivery Authority Occupational money purchase schemes National employment savings trust scheme
Legislation
Pensions Bill 2007-08
Link
View this Proceeding contribution on www.publications.parliament.uk