Clause 2 - Registration of SaRA schemes

Part of Rights of Savers Bill – in a Public Bill Committee at 3:00 pm on 14 December 2005.

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Photo of Malcolm Rifkind Malcolm Rifkind Conservative, Kensington and Chelsea 3:00, 14 December 2005

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.