Retirement Income Reform Bill
Mr Lawrie Quinn (Scarborough and Whitby, Labour)
Is my hon. Friend aware of the detail of the letter that every hon. Member has received from the Association of British Insurers? It states that the minimum retirement income would have to be set at a level in excess of £200 a week if individuals were not to find it necessary to claim a means-tested benefit during their retirement. Should not Mr. Garnier have done his homework and been conscious of this, and should he not have factored it in to the significant repair work to the original Bill proposed by Mr. Curry some time ago? These were the key points that we made on many occasions in Committee at that time.