Proceeding contribution from Steve Webb (Liberal Democrat) in the House of Commons on Tuesday, 18 October 2011. It occurred during Debate on bill on Pensions Bill [Lords] (Programme) (No. 2).
Pensions Bill [Lords] (Programme) (No. 2)
The working group will look at making shopping around the default situation. Somebody who does not actively choose to stay with their current provider will shop around by default. That is the difference between pensions and energy suppliers. Whereas people are stuck with their energy suppliers unless they choose to shop around, people will not get a pension unless they shop around. That is a pretty good incentive to shop around.
Secondary information
- Type
- Proceeding contribution
- Reference
- 533 c833
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Age Contributions Advisory services Women Finance Fees and charges Employees' contributions Financial services Index linking Workplace pensions Pensions State retirement pensions
- Legislation
- Pensions Bill (HL) 2010-12
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-12-15 13:24:05 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_774181
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