Clause 87

Part of Pensions Bill – in a Public Bill Committee at 11:00 am on 19th February 2008.

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Photo of Nigel Waterson Nigel Waterson Shadow Minister, Work & Pensions 11:00 am, 19th February 2008

I am again on a search for knowledge. A lot of issues will be raised with the PPF and a lot of calculations will have to be made, some of them in respect of relatively small claims. After analysing some of the figures, it is clear that, for both the PPF and the FAS, the size of payments will range dramatically, from relatively small to relatively large. Has any work been done on the extra administrative cost to the PPF of the provisions? There will clearly be a significant administrative cost. One could establish a likely cost based on the number of divorces a year, which is sadly increasing all the time, the claims on the PPF and the number of sharing orders a year. How might that impact on the administrative levy that pays for the PPF? The Minister might not have such facts at his fingertips, so I am happy for him to write to me about them. It strikes me that there may be a not insignificant extra cost on the PPF.