HC Deb 25 July 1938 vol 338 c2742W
Mr. Granville

asked the Financial Secretary to the Treasury whether he will consider introducing legislation whereby old age contributory pensions may be credited to a Post Office savings bank, trustee savings bank, or joint stock bank account at the end of each quarter against receipt of a life certificate similar to that in force in the case of Government annuities granted by the National Debt Commission?

Captain Wallace

An arrangement of the kind suggested would have no attraction for the vast majority of pensioners. The cost of separate machinery for the comparatively small number who might make use of it would not be justified.