UK - Conservative backbencher Adrian Flook has admitted defeat on annuity reform in this parliament after withdrawing his Private Member's Bill.
The MP for Taunton conceded that too little parliamentary time was left for debate. The Bill – the fourth in five years put forward by the Tories – called for an end to the mandatory requirement to purchase an annuity at age 75.
Similar Bills have also been tabled by Sir John Butterfill, David Curry and Edward Garnier, but all failed after running out of time.
Flook received cross-party support, including Labour’s former minister for welfare reform Frank Field and Liberal Democrat work and pensions spokesman Steve Webb.
Flook, though, insisted he would try again in October. He said: “It is obviously a little upsetting not to have had the Bill read but it is not over yet.
“It does mean we will have more time in parliament when we relaunch it because we will be doing it slightly earlier in the autumn rather than in January.”
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