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Pension Rights (Transfer)

Volume 827: debated on Tuesday 30 November 1971

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asked the Secretary of State for Social Services what steps he has taken to encourage the practice of transferring pension rights between occupational schemes when the beneficiary changes his job; and if he will write to the trustees and managers of all approved schemes, explaining the policy of the Government in regard to transferability.

We have made it clear in our White Paper that we hope schemes will increasingly use transfer arrangements as an alternative to preserving pensions. In the light of consultations on our proposals affecting occupational schemes we will consider how we might further publicise particular aspects.