New Clause 34 — Financial assistance scheme for members of certain pension schemes

Part of Orders of the Day — Pensions Bill — [2nd Allotted Day] – in the House of Commons at 2:45 pm on 19 May 2004.

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Photo of Kevin Brennan Kevin Brennan Labour, Cardiff West 2:45, 19 May 2004

Does the hon. Gentleman acknowledge that his calculations assume that all those involved will retire on the same day? The key to the amendment is the ability to take the assets in the pension funds in question and to use them more effectively than simply by purchasing annuities, in order to build a fund. The hon. Gentleman is being slightly misleading in his calculations. As for early-day motion 200, the word "full" does not appear in it.