The shadow Minister’s point would be stronger if in the past when people purchased annuities that had been done with the correct annuities and financial advice being given. We know, however, that 80% of people were buying the wrong annuities. At least in the model now coming in, there will be some compulsory advice, which is a step forward from what existed previously.
Pension Schemes Bill
Proceeding contribution from
David Mowat
(Conservative)
in the House of Commons on Tuesday, 2 September 2014.
It occurred during Debate on bills on Pension Schemes Bill.
Type
Proceeding contribution
Reference
585 c206
Session
2014-15
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2014-09-17 18:15:40 +0100
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