The hon. Gentleman is a doughty fighter for better pensions and I respect that, but I ask him to reflect on what he has just said. The annuities market was broken because people did not shop around. They found annuities confusing and complex, and they defaulted into the option offered by their insurance company. Why do we think that that behaviour will suddenly change in a system that continues to be predicated on individuals making a choice?
Pension Schemes Bill
Proceeding contribution from
Gregg McClymont
(Labour)
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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