§ Mr. DenhamTo ask the Chancellor of the Exchequer if tax exemption of compensation for those who were wrongly advised to(a) opt out, (b) transfer from and (c) not join an occupational pension scheme extends to those who were similarly advised in respect of SERPS; and if he will make a statement. [5441]
§ Mr. JackThe Securities and Investments Board is currently carrying out research into past sales of personal pensions for contracting out of SERPS. SIB is due to publish the results of this research early next year and it would not be appropriate to anticipate SIB' s recommendations.