HC Deb 30 July 1962 vol 664 c8W
65. Mr. Shepherd

asked the Minister of Labour if he is aware that non-transferability of many private pension schemes results in a restriction on mobility; and whether he will introduce legislation to make transferability obligatory.

Mr. Hare

The Government recognise that non-transferable pension rights in such schemes may restrict mobility. They welcome the movement towards transferability which is already taking place, but doubt whether legislation in this field would be justified.