Proceeding contribution from Baroness Drake (Labour) in the House of Lords on Thursday, 3 March 2011. It occurred during Debate on bill and Committee proceeding on Pensions Bill [HL].
Pensions Bill [HL]
I am conscious of the time and do not want to hold anybody up, so I shall try to be brief. I understand the issues that the Minister is trying to address, but I repeat that low levels of charges—for example, 0.5 per cent or below—are fundamental to the success of this asymmetric paternalist product. Somehow accommodating business models for suppliers whose charges hover around 1 per cent will not deliver the necessary strategic outcomes.
Secondary information
- Type
- Proceeding contribution
- Reference
- 725 c249GC
- Session
- 2010-12
- Chamber / Committee
- House of Lords Grand Committee
- Subjects
- Women Employees' contributions Employers' contributions Personal income Low incomes Workplace pensions Pensions Temporary employment State retirement pensions Self-employed National employment savings trust scheme
- Legislation
- Pensions Bill (HL) 2010-12
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-12-15 21:01:00 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_720965
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