I am sorry to interrupt, but I am not sure that that is the case. Certainly equity release providers had discussions with the department, to my certain knowledge, and were told that somebody could acquire capital through equity release between, say, 65 and 70, and that if it was then spent down—that is, it was used for reroofing, or a new boiler, or insulation, or whatever—the department was entirely content with that.
Pensions Bill
Proceeding contribution from
Baroness Hollis of Heigham
(Labour)
in the House of Lords on Wednesday, 15 January 2014.
It occurred during Debate on bills
and
Committee proceeding on Pensions Bill.
About this proceeding contribution
Reference
751 c125GC Session
2013-14Chamber / Committee
House of Lords Grand CommitteeLibrarians' tools
Timestamp
2015-03-26 19:43:29 +0000
URI
http://hansard.intranet.data.parliament.uk/Lords/2014-01-15/14011596000051
In Indexing
http://indexing.parliament.uk/Content/Edit/1?uri=http://hansard.intranet.data.parliament.uk/Lords/2014-01-15/14011596000051
In Solr
https://search.parliament.uk/claw/solr/?id=http://hansard.intranet.data.parliament.uk/Lords/2014-01-15/14011596000051