The private members bill calling for amendment of the law requiring the compulsory purchase of annui...
The private members bill calling for amendment of the law requiring the compulsory purchase of annuities at age 75 has cleared another hurdle after it was passed despite Government opposition. The bill was passed with a majority of 112 despite a highly critical speech made by chief secretary to the Treasury Ruth Kelly and repeated pronouncements from ministers that it was a measure designed to help the rich. The Conservatives had a three line whip supporting the motion, something unusual for a private members bill.
15% increase in number of claims paid
Open architecture philosophy
Inflation above 2% for first this this year
Focus on customer centricity
To repay £900,000 to customers