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Pension Fund Annuity Purchase Requirement

Volume 622: debated on Tuesday 27 February 2001

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asked Her Majesty's Government:Whether they have any proposals to change the rules requiring the compulsory purchase of annuities from pension funds. [HL705]

Various proposals have been put forward as alternatives to the annuity purchase requirement for defined contribution pension schemes. An announcement will be made in due course if it is decided that any changes are required.