§ Mr. HawkinsTo ask the Secretary of State for Work and Pensions what plans he has to allow investors in SERPS-related funds freedom to transfer funds to alternative providers when a particular provider is under-performing in the market; and if he will make a statement. [59293]
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§ Mr. McCartneyIndividual members can already transfer their funds to alternative providers if they wish to do so. Current legislation allows individuals in either a personal pension scheme or stakeholder pension scheme who receive the contracted-out rebate to transfer funds to another appropriate personal pension or stakeholder pension scheme operated by another provider. We have no plans to amend this practice.