§ Mr. WebbTo ask the Secretary of State for Work and Pensions in what way the size of the lump sum available to an individual at age 70 to those who defer drawing their retirement pension will relate to the weekly retirement pension entitlement at age 65 of that individual.[143107]
§ Malcolm WicksWe intend that the lump sum will comprise the total of the state pension given up during the period of deferment, plus a rate of return. Further details will be available when the Pensions Bill is published.