§ Mr. GardinerTo ask the Chancellor of the Exchequer what response he has made to the recommendation from the Financial Services Consumer Panel that the Government should consider establishing an independent charitable trust charged with offering consumers free advice on the purchase of annuities. [101333]
§ Ruth KellyThe Pensions Green Paper, "Simplicity, Security and Choice: Working and Saving for Retirement" (Cm 5677), made clear the Government view that compulsory independent financial advice would not be appropriate at this stage. Reforms to the market for financial advice and sales look likely to increase both consumer choice and the availability of low-cost financial advice.
§ Mr. GardinerTo ask the Chancellor of the Exchequer if he will create a CAT standard annuity. [101332]
§ Ruth KellyThere are no plans to introduce a CAT standard for annuities.