Sale of Annuities
Debate between Simon Kirby and Tom Brake(8 years, 1 month ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
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Simon Kirby
I can give my hon. Friend the reassurance that I will do all I can to make sure that providers work closely with the Government to get the best possible deal for older people and indeed savers, including younger people—people who are perhaps not in the habit of saving or contributing to pensions. That is an important thing, and I am happy to pursue it with my full vigour.
Tom Brake (Carshalton and Wallington) (LD)
I will ask the Minister a third time why this announcement was not made to Parliament before it was made to the media. Also, what is he going to do to inform people who may have intended to cash in their annuity, but who are now not going to be able to do so?
Simon Kirby
It is fair to say that there are often circumstances where information or announcements are market sensitive, and sometimes that drives how things are announced.