HL Deb 29 October 2003 vol 654 c49WA
Lord Taylor of Warwick

asked Her Majesty's Government:

Why it is necessary to have a lifetime cap on the total value of individual pension funds. [HL4873]

The Parliamentary Under-Secretary of State, Department for Culture, Media and Sport (Lord McIntosh of Haringey)

I refer the noble Lord toSimplifying the taxation of pensions: increasing choice and flexibility for all published by HM Treasury and the Inland Revenue in December 2002.