Equitable Life

Part of Oral Answers to Questions — Treasury – in the House of Commons at 12:00 am on 25th January 2001.

Alert me about debates like this

Photo of Miss Melanie Johnson Miss Melanie Johnson Economic Secretary, HM Treasury 12:00 am, 25th January 2001

The whole country will hear what my hon. Friend has just said about the record of the previous Government in this regard. That stands on its own. As for the future of annuities, we have always said that we are open to ideas for alternatives to the rules for annuity purchase as long as they are fair and practicable and will provide an income to last the whole of retirement.