Skip to main content

Proceeding contribution from Paul Rowen (Liberal Democrat) in the House of Commons on Tuesday, 25 November 2008. It occurred during Debate on bill on Pensions Bill.


Pensions Bill

I, too, thank the officials at the DWP, who have supplied us with a lot of helpful information. I should like to concentrate on three aspects of the amendments. We welcome amendments Nos. 194, 195, 196, 197 and 217, which bring schemes that fall outside the financial assistance scheme and the pension compensation scheme into the FAS. There are probably only a small number of people who were employees where an employer was experiencing insolvency after 6 April 2005 but delayed winding up. We are glad that that provision has been inserted into the Bill. We welcome the amendment that allows payments to people who are terminally ill—that is very sensible. We welcome the series of amendments that deal with divorce where one party is a member of more than one scheme, which mean that the courts will be able to make share orders relating to each individual scheme. Those are sensible provisions. As the hon. Member for Eastbourne (Mr. Waterson) said, no doubt Ros Altmann will continue to have a lot more to say about this. Like the hon. Gentleman, we are disappointed with the Government's stance on annuitisation. That will be a debate for another day, because the issue is not going to go away.


Secondary information

Type
Proceeding contribution
Reference
483 c690 
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
Compensation Costs Contributions Annuities Advisory services Certification Women Fuel poverty Government assistance Germany Workplace pensions Pensions Personal pensions National insurance contributions Pension funds Pension Protection Fund Pension rights Refugees Take-up World War II Personal Accounts Delivery Authority National employment savings trust scheme
Legislation
Pensions Bill 2007-08
Link
View this Proceeding contribution on www.publications.parliament.uk