Written question asked by Rachael Maskell (Labour) on Thursday, 7 March 2024, in the House of Commons. It was due for an answer on Monday, 11 March 2024. It was answered by Paul Maynard (Conservative) on Tuesday, 12 March 2024 on behalf of the Department for Work and Pensions.
Pension Funds
- Question
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To ask the Secretary of State for Work and Pensions, with reference to the Spring Budget 2024, HC 560, published on 6 March 2024, if he will hold discussions with the Chancellor of the Exchequer on how a transferrable pension fund would work.
- Answer
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The Government has recently concluded a call for evidence to understand the considerations, merits and impacts of a lifetime pension provider model.
In his Spring Budget, the Chancellor confirmed our commitment to explore a Lifetime Provider model. My Officials will undertake further analysis and engagement with industry, employers and employees to better understand if this measure would improve outcomes for savers.
I am happy to meet any member of Parliament to discuss this issue.
Secondary information
- Type
- Written question
- Reference
- 17660
- Session
- 2023-24
- Related items
- Transferred
- Yes
- Subjects
- Pension funds
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2024-03-12 14:31:31 +0000
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2023-24/17660
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2023-24/17660
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2023-24/17660