HANSARD 1803–2005 → 1990s → 1997 → March 1997 → 17 March 1997 → Written Answers (Commons) → TREASURY

Personal Pensions

Page retrieved: http://hansard.millbanksystems.com/written_answers/1997/mar/17/personal-pensions

HC Deb 17 March 1997 vol 292 cc358-9W 358W

Ms Harman
To ask the Chancellor of the Exchequer what is the total amount which has been paid in compensation to people who were mis-sold personal pensions. [20016]
359W

Mrs. Angela Knight
Figures published by the Personal Investment Authority, the regulator responsible for most of the firms involved in the review of personal pensions mis-selling, estimates that about £60 million of compensation had been made in the period up to 31 December 1996.

Ms Harman
To ask the Chancellor of the Exchequer if he will list the companies which have mis-sold personal pensions. [19945]

Mrs. Knight
It is not possible to compile such a list at this stage.

Ms Harman
To ask the Chancellor of the Exchequer how many people have been mis-sold personal pensions. [19946]

Mrs. Knight
It is not yet possible to provide a reliable estimate of the number of people who have been mis-sold a personal pension.

Ms Harman
To ask the Chancellor of the Exchequer what estimate he has made of the total cost of compensation likely to be paid to people who were mis-sold personal pensions. [20022]

Mrs. Knight
There is no reliable estimate available of the total cost of compensation that is likely to be paid to people who have been mis-sold personal pensions.