§ Mrs. BeckettTo ask the Secretary of State for Social Security what steps are being taken to ensure that members of personal pension schemes will be informed when they reach an age at which it would pay them to terminate their contributions to those schemes.
§ Mrs. Gillian ShephardIt is for an individual wishing to take out a personal pension to seek advice appropriate to his or her needs. In the case of personal pension schemes which are investments as defined in the Financial Services Act, persons regulated by bodies under that Act have a duty to provide best advice on such products. It is for the individual to make arrangements for obtaining any further advice which may be necessary in the light of changing circumstances.
§ Mrs. BeckettTo ask the Secretary of State for Social Security for each of the examples in tables P1 to P4 of the technical annex to the White Paper "Reform of Social Security", for how many years it would pay the person concerned to contribute to a personal pension or other money purchase scheme.
§ Mrs. Gillian Shephard[holding answer 24 July 1989]: I regret that the information requested could be provided only at disproportionate cost. However, I will be able to provide some information and I will write to the hon. Member when it is available.