§ Mr. ForthTo ask the Secretary of State for Social Security if she will give for the Review of Pension cases(a) the expected completion date and (b) the cost of conducting the review. [8251]
§ Mrs. LiddellI have been asked to reply.
I refer the hon. Gentleman to my answer of 24 June, Official Report, column 454, in which I repeated the Government's challenge to the 24 firms which are together responsible for nearly three-quarters of the cases requiring review, that they should better the targets set by the Securities and Investments Board and the Personal Investment Authority. It is the Government's view that all firms should endeavour to meet, if not better, the targets set by their regulators. The costs of conducting the review are a matter for the firms.