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Private Member’s Bill - Pensions (Unclaimed Assets)
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Contact: Rachel Le Brocq Date: 3 Apr 2007 |
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Frank Field MP (Lab, Birkenhead), introduced a Private Member’s Bill to the House of Commons. On 7 March, the Bill received its first reading. The long title of the Bill reads, a Bill to “establish an Unclaimed Assets Agency; to confer powers on the Agency to obtain information from banks and building societies relating to unclaimed assets; to make provision for the transfer of a proportion of unclaimed assets to the Agency for distribution among certain members of occupational pension schemes; and for connected purposes”.
The Bill has a provisional Second Reading on 15 June 2007. As this Bill was not drawn in the Private Member’s Bill ballot, it is highly unlikely that this will make the statute books.
