§ Lynne JonesTo ask the Chancellor of the Exchequer how many respondents to the consultation document on annuities put forward the suggestion for a money back guarantee on the purchase of pension annuities; and in what way the views of these respondents were reflected in the analysis of the responses to the consultation. [76340]
§ Ruth KellyOut of a total of 601 responses, 29 included comments on the idea of a money back guarantee. The summary of responses published on 18 July gave a broad picture of the consultation feedback. The complete set of responses was placed in the Library on the same date.
As indicated in the reply given on 18 July 2002 to the hon. Member for Bridgwater (Mr. Liddell-Grainger), Official Report, column 467W, any reforms to annuities will need to dovetail with simplification and other reforms being considered in the pensions Green Paper this autumn.