Clause 10 - Effect of variations under section 7(4)
State Pension Credit Bill [Lords]
4:45 pm
Mr Tim Boswell (Daventry, Conservative)
The Under-Secretary used the phrase ''second pension'', and by that I think she meant occupational pension rather than state second pension.
There will be an annual process to deal with notification of uprating to the basic retirement pension as well as any SERPS or state second pension entitlement. If the Under-Secretary works towards such a system, it may eventually be possible to transfer data on occupational pensions across direct from the database, subject to the necessary safeguards, in the same way in which my accountant, for example, knows what my dividends are—there are not that many—even if I have not told him because he has a computer with the relevant data, which can be updated.