Oral Answers to Questions

Pauline Latham Excerpts

Monday 5th March 2012 Commons Chamber

[Chris Grayling]

We clearly have had to take a difficult decision on time-limiting, which we have debated extensively in the House. It will apply only to people who have another form of household income or who have savings in the bank. Everyone on ESA is entitled to volunteer for participation in the Work programme, so my advice to the hon. Lady’s constituent would be to discuss his situation with the jobcentre. There is specialist support available for people with health conditions and disabilities.

[Pauline Latham (Mid Derbyshire) (Con)]

T9. What progress is being made to encourage people to get the best value for money when buying an annuity?

[Steve Webb]

My hon. Friend raises an important issue. When people have saved for a pension, it is vital that they get the best possible pension out of it, and that may not be from the company they have saved with. That is why I very much welcome today’s Association of British Insurers code, which will be mandatory for members of the ABI and will make it much more natural that shopping around becomes the default, rather than something that one has actively to seek out.