§ Mr. DenhamTo ask the Chancellor of the Exchequer what measures he proposes to take to ensure that holders of appropriate personal pensions can rely on these policies to provide benefits at least as generous as those provided by SERPS. [27602]
§ Mr. Nelson[holding answer 19 June 1995]: It would be inappropriate for the Government to guarantee the investment performance of a personal pension. However, the financial services regulators have rules designed to ensure that financial advisers are trained, competent and able to recommend only products which are suitable for the individual investor and whose risks are properly explained.