§ Mr. David NicholsonTo ask the Chancellor of the Exchequer what factors his Department considered in respect of the appointment in 1993 of the present chairman of the Personal Investment Authority; and if he will make a statement. [16445]
§ Mrs. Angela KnightNeither the Treasury nor the Securities and Investments Board has any role in the appointment of the chairman of the Personal Investment Authority. As it is a company limited by guarantee, this appointment is a matter for its board.