HL Deb 27 February 2001 vol 622 c119WA
Lord Lipsey

asked Her Majesty's Government:

Why pension funds are not allowed to offer long-term care benefits in lieu of part of their annuity payments to policyholders. [HL838]

Lord McIntosh of Haringey

Successive governments have not thought it appropriate to include long-term care benefits in a tax regime which aims to encourage people to save for an income in retirement. The Royal Commission under the chairmanship of Professor Sir Stuart Sutherland also came to this conclusion.