(Except clauses 1, 5 to 7, 11, 72 to 74 and 112, schedule 1, and certain new clauses and schedules) - Clause 39 - Pension flexibility: drawdown

Part of Finance (No. 2) Bill – in a Public Bill Committee at 2:45 pm on 8 May 2014.

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Photo of Mark Garnier Mark Garnier Conservative, Wyre Forest 2:45, 8 May 2014

The Treasury Committee will publish its report on the Budget in due course and it would be wrong of me to pre-empt it, but from all the witnesses who came in front of us in public session who were looking at pension reforms, it was obvious that it was not just a few or some who were in favour of the flexibility; it was every single witness, be it in written or oral evidence. There is overwhelming support; indeed, I suspect this is one of the most popular policies that the Government have come up with for some time.