Skip to main content

Proceeding contribution from Lord Morgan (Labour) in the House of Lords on Thursday, 2 April 2009. It occurred during Debate on bill and Committee proceeding on Saving Gateway Accounts Bill.


Saving Gateway Accounts Bill

I support this amendment simply in terms of the general purposes of this excellent Bill. We are trying to change people’s habits and deal with those who, first, do not have the habit of saving because perhaps they feel that they are not able to save, and, secondly, are ill-equipped with the technicalities of financial administration in terms of managing their own affairs. There is a point in trying to be as helpful as possible to those who may not open a gateway saving account because it is not the way they have done things before. The Bill might be assisted if we took account of this proposal.


Secondary information

Type
Proceeding contribution
Reference
709 c304GC 
Session
2008-09
Chamber / Committee
House of Lords Grand Committee
Subjects
Compensation Carers Administration Costs Bank services Delegated legislation Advisory services Department for Work and Pensions Eligibility Information Financial services European communities Domicil Pension credit Pensioners Personal savings Low incomes Social security benefits Welfare tax credits Take-up Revenue and Customs Saving gateway Financial Services Compensation Scheme
Legislation
Saving Gateway Accounts Bill 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk