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Government Securities

Volume 12: debated on Wednesday 11 November 1981

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asked the Chancellor of the Exchequer if he will estimate the annual take-up of Government securities if, as a condition of gaining full tax relief on pension contributions by employers, 50 per cent. of total pension contributions were required to be invested annually in Government loans.

No. There is no question of imposing such a requirement on employers or pension funds. This would be an undesirable restriction on their freedom to invest pension contributions to the best advantage of beneficiaries.