Oral Answers to Questions

Debate between Andrea Leadsom and Mark Hunter

Tuesday 27th January 2015 Commons Chamber

[Andrea Leadsom]

I reassure the hon. Lady that we have sought to give people the opportunity to make their own decisions about what to do with their lifelong savings. That is far better than in the past, when they were effectively told, “You buy an annuity and that’s that.” We are putting in place clear protections, with a criminal measure on scamming and on pretending to be the Government’s pensions guidance service, and there will be proper guidance, with fully qualified guiders who are able to help people through the process. There is now a further line of defence, because pension providers will be required to point out to people the vital importance of taking guidance or regulated advice.

[Mark Hunter (Cheadle) (LD)]

9. What assessment he has made of the implications for his policies of recent trends in unemployment figures.