§ Mr. WebbTo ask the Secretary of State for Social Security by what date he expects the first individuals to receive the annual pensions statement proposed in the Green Paper on Pensions. [93065]
§ Mr. TimmsWe will implement the Green Paper commitment to introduce combined pension forecasts in 2002. We intend to conduct pilot exercises before that date.
On 22 July 1999, Official Report, column 573, I announced the membership of a Pension Forecasting Advisory Group to consider how our proposals for introducing combined forecasts might best be implemented. The group will also advise on what supporting information and facilities need to be provided to ensure that individuals make best use of the new information.
§ Mr. WebbTo ask the Secretary of State for Social Security what plans he has to prevent members of defined benefit occupational pension schemes from transferring into stakeholder pension schemes. [93066]
§ Mr. TimmsWe would expect information provided to members or potential members of stakeholder pension schemes to indicate clearly that they should seek financial advice before making such a transfer.