Yes. The reason is that that is the equivalent of the private pension provision, which is a purchase. We are drawing a distinction here between public provision and private provision. With the pulling into a single tier, that is where the line is drawn between the two. As private pensions offer lump sums, that is where we would expect people to be taking them.
Pensions Bill
Proceeding contribution from
Lord Freud
(Conservative)
in the House of Lords on Wednesday, 8 January 2014.
It occurred during Debate on bills
and
Committee proceeding on Pensions Bill.
About this proceeding contribution
Reference
750 c395GC Session
2013-14Chamber / Committee
House of Lords Grand CommitteeSubjects
Librarians' tools
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2015-03-26 19:42:27 +0000
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