Clause 2 - Registration of SaRA schemes
Rights of Savers Bill
3:00 pm
Malcolm Rifkind (Shadow Secretary of State for Work & Pensions & Welfare Reform, Work & Pensions & Welfare Reform; Kensington and Chelsea, Conservative)
I do not believe that there would be any significant additional cost. There is similar provision. As the Minister knows, the clauses are largely based on the stakeholder legislation. I do not think that cost has ever been used as an argument against that legislation, and I see no reason why it should be used against this proposal.