§ Mr. McCrindleasked the Chancellor of the Exchequer why retirement savings certificates are available to women of 60 years or over whether working or not but not to men under 65 years even if retired.
§ Mr. Denzil DaviesIn order to restrict the effects of the scheme on other financial institutions, this index-linked issue of national savings certificates is limited to people of national retirement pension age only as one of the most deserving sections of the community and one most vulnerable to the effects of inflation. We are aware that these conditions mean a different age qualification for men and women and do not differentiate between those who are retired and those who are still working but judge it simpler to define eligibility in terms of well-known, widely understood and easily confirmed age limits since this reduces problems and misundertandings about the qualifying age at post offices where most pensioners buy their certificates.