Pensions

Part of Oral Answers to Questions — Work and Pensions – in the House of Commons at 2:30 pm on 8 October 2007.

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Photo of Mike O'Brien Mike O'Brien Minister of State (Pension Reform), Department for Work and Pensions 2:30, 8 October 2007

Last week, the Conservative party claimed that unclaimed assets could be used—in pension and other funds, as far as I am aware—to make payments and refloat the lifeboat that was sunk in July by the report issued by the Government Actuary, Andrew Young. That report clearly stated that

"we do not believe that...'unclaimed assets' are credible alternative funding sources."