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PURCHASE OF ANNUITIES

EDM (Early Day Motion) 200: tabled on 25 November 2004

Tabled in the 2004-05 session.

This motion has been signed by 71 Members. It has not yet had any amendments submitted.

As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.

Motion text

That this House observes that annuity rates have fallen significantly since 1997; is concerned that someone who is 74 years old is forced to purchase an annuity before their 75th birthday; notes with interest that a report by Watson Wyatt found that 59 per cent. of pensioners have no desire to move into an annuity at all, and 12 per cent. wish they could do so later; believes that Government should not impose unnecessary restrictions on what people do with their own money; regrets that the Government did not take the opportunity of the Pensions Bill 2004 to abolish the compulsory purchase of annuities at 75 years rule; and urges the Government to think again and bring forward legislation to abolish the obligation so that people who have sufficient income to avoid relying on means-tested benefits are not forced to purchase an annuity at 75 years.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

In addition to the sponsors, the following Members have signed to support the motion.

Boswell, Mr Tim
Conservative
Signed on 25 November 2004
Daventry
Bottomley, Sir Peter
Conservative
Signed on 29 November 2004
Worthing West
Brazier, Mr Julian
Conservative
Signed on 7 December 2004
Canterbury
Burns, Mr Simon
Conservative
Signed on 30 November 2004
West Chelmsford
Burt, Alistair
Conservative
Signed on 30 November 2004
North East Bedfordshire
Campbell, Mr Gregory
Democratic Unionist Party
Signed on 1 December 2004
East Londonderry
Cash, Mr William
Conservative
Signed on 11 January 2005
Stone
Chapman, Sir Sydney
Conservative
Signed on 10 January 2005
Chipping Barnet
Conway, Derek
Conservative
Signed on 20 December 2004
Old Bexley and Sidcup
Davies, Mr Quentin
Conservative
Signed on 4 March 2005
Grantham and Stamford
Dodds, Mr Nigel
Democratic Unionist Party
Signed on 1 December 2004
Belfast North
Duncan, Mr Alan
Conservative
Signed on 5 April 2005
Rutland and Melton
Duncan, Mr Peter
Conservative
Signed on 10 January 2005
Galloway and Upper Nithsdale
Etherington, Bill
Labour
Signed on 6 December 2004
Sunderland North
Evans, Mr Nigel
Conservative
Signed on 21 December 2004
Ribble Valley
Fabricant, Michael
Conservative
Signed on 8 December 2004
Lichfield
Field, Mr Frank
Labour
Signed on 2 December 2004
Birkenhead
Field, Mr Mark
Conservative
Signed on 13 January 2005
Cities of London and Westminster
Flight, Mr Howard
Conservative
Signed on 7 December 2004
Arundel and South Downs
Flook, Mr Adrian
Conservative
Signed on 2 December 2004
Taunton
Francois, Mr Mark
Conservative
Signed on 1 December 2004
Rayleigh
Garnier, Mr Edward
Conservative
Signed on 17 January 2005
Harborough
Gillan, Mrs Cheryl
Conservative
Signed on 6 December 2004
Chesham and Amersham
Goodman, Mr Paul
Conservative
Signed on 25 November 2004
Wycombe
Gummer, Mr John
Conservative
Signed on 27 January 2005
Suffolk Coastal
Hammond, Mr Philip
Conservative
Signed on 17 January 2005
Runnymede and Weybridge
Heald, Mr Oliver
Conservative
Signed on 10 January 2005
North East Hertfordshire
Hendry, Charles
Conservative
Signed on 25 January 2005
Wealden
Horam, Mr John
Conservative
Signed on 21 December 2004
Orpington
Hunter, Mr Andrew
Independent Conservative
Signed on 19 January 2005
Basingstoke
Key, Robert
Conservative
Signed on 29 November 2004
Salisbury
Kirkbride, Julie
Conservative
Signed on 21 December 2004
Bromsgrove
Laing, Mrs Eleanor
Conservative
Signed on 1 February 2005
Epping Forest
Letwin, Mr Oliver
Conservative
Signed on 21 December 2004
West Dorset
Lewis, Dr Julian
Conservative
Signed on 1 December 2004
New Forest East
Loughton, Tim
Conservative
Signed on 30 November 2004
East Worthing and Shoreham
Maclean, David
Conservative
Signed on 21 December 2004
Penrith and The Border
May, Mrs Theresa
Conservative
Signed on 20 December 2004
Maidenhead
McIntosh, Miss Anne
Conservative
Signed on 9 December 2004
Vale of York
McLoughlin, Mr Patrick
Conservative
Signed on 23 March 2005
West Derbyshire
Mercer, Patrick
Conservative
Signed on 13 December 2004
Newark
Moss, Mr Malcolm
Conservative
Signed on 1 December 2004
North East Cambridgeshire
O'Brien, Mr Stephen
Conservative
Signed on 14 March 2005
Eddisbury
Osborne, Mr George
Conservative
Signed on 21 December 2004
Tatton
Paice, Mr James
Conservative
Signed on 8 March 2005
South East Cambridgeshire
Pickles, Mr Eric
Conservative
Signed on 16 December 2004
Brentwood and Ongar
Randall, Mr John
Conservative
Signed on 25 November 2004
Uxbridge
Roe, Dame Marion
Conservative
Signed on 29 November 2004
Broxbourne
Rosindell, Andrew
Conservative
Signed on 21 February 2005
Romford
Sayeed, Mr Jonathan
Conservative
Signed on 23 February 2005
Mid Bedfordshire
Selous, Andrew
Conservative
Signed on 16 December 2004
South West Bedfordshire
Spelman, Mrs Caroline
Conservative
Signed on 15 December 2004
Meriden
Spink, Bob
Conservative
Signed on 6 December 2004
Castle Point
Swire, Mr Hugo
Conservative
Signed on 8 December 2004
East Devon
Taylor, Mr John D.
Conservative
Signed on 27 January 2005
Solihull
Viggers, Sir Peter
Conservative
Signed on 21 December 2004
Gosport
Waterson, Mr Nigel
Conservative
Signed on 25 November 2004
Eastbourne
Watkinson, Angela
Conservative
Signed on 6 December 2004
Upminster
Whittingdale, Mr John
Conservative
Signed on 3 February 2005
Maldon and East Chelmsford
Wiggin, Bill
Conservative
Signed on 16 December 2004
Leominster
Wilkinson, Mr John
Conservative
Signed on 14 March 2005
Ruislip - Northwood
Wilshire, Mr David
Conservative
Signed on 30 November 2004
Spelthorne
Winterton, Ann
Conservative
Signed on 1 December 2004
Congleton
Winterton, Sir Nicholas
Conservative
Signed on 29 November 2004
Macclesfield

These members had previously signed the motion, but have now withdrawn their support. The date shown is when the Member withdrew their signature from the motion.