HC Deb 20 November 2000 vol 357 cc66-7W
Miss McIntosh

To ask the Secretary of State for Social Security what representations he has received on the impact on pensioners approaching 75 years of the obligation to purchase annuities or risk losing their pension; and if he will make a statement. [138542]

Mr. Rooker

We have received various representations on the requirement to use tax-approved pension funds to purchase an annuity by the age of 75. These are long-standing rules which ensure that such funds are used to provide secure lifelong pensions in retirement. We are considering the points that have been made and an announcement will be made in due course if it is decided that any changes to the current rules are needed.