§ 3. Mr. McCannasked the Chancellor of the Exchequer if, in view of the need for more mobility of labour, particularly amongst higher grade staffs, he will adopt the recommendation in paragraph 45 of the National Economic Development Council Report, Conditions Favourable to Faster Growth, regarding the transferability of pension rights.
§ Mr. Boyd-CarpenterI would refer the hon. Member to the reply which I gave to the hon. Member for Huddersfield, West (Mr. Wade) on 25th July.
§ Mr. McCannIs the Minister aware of the tremendous concern among the higher grade staffs, particularly on the sales side, about the lack of facilities for transfer of pension rights? Is he aware that this matter has been under discussion since 1954? In order that Britain should make the best use of its labour and talents, will he do all he can to expedite this recommendation?
§ Mr. Boyd-CarpenterI do not disagree that this is an extremely important matter, in which I have taken a personal interest for some years, but, if the hon. Member studies the Answer, he will see that we are handling it in the most practical way.