HC Deb 21 May 1998 vol 312 c493W
23. Mr. Laurence Robertson

To ask the Chancellor of the Exchequer what assessment he has made of potential charges made by insurance companies to existing PEP holders for transferring to ISAs. [41697]

Mr. Geoffrey Robinson

There are no proposals to allow existing PEP investments to be transferred to individual savings accounts. PEPs in existence at 5 April 1999 can remain tax free, outside the ISA, under the existing rules.

35. Mr. Loughton

To ask the Chancellor of the Exchequer what representations he has received from the finance industry regarding the new proposals for ISAs and the use of benchmarking for financial products. [41709]

Mrs. Liddell

The Treasury published a consultation document on 18 May. The document invites contributions from all interested parties. During the pre-consultation period, the Treasury sought the views of a number of firms and organisations on certain aspects of the proposals.

Mr. Beith

To ask the Chancellor of the Exchequer when the Paymaster General expects to reply to the letter of 9 December 1997 from the right hon. Member for Berwick-upon-Tweed on behalf of Mr. D. N. Peck of Swallhook, 19 Mariners View, Amble, about individual savings accounts. [42868]

Mr. Geoffrey Robinson

I have done so today. I very much regret that the right hon. Gentleman's letter was mislaid by the Inland Revenue.

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