Written question asked by Roy Thomason (Conservative), in the House of Commons. It was due for an answer on Thursday, 20 March 1997. It was answered by Oliver Heald (Conservative) on Thursday, 20 March 1997 on behalf of the Department of Social Security.

Dept of Social Security

Question: What assessment he has made of the risks of mis-selling under the Basic Pension Plus proposals.

Answer: Mr. Thomason: To ask the Secretary of State for Social Security what assessment he has made of the risks of mis-selling under the basic pension plus proposals; and if he will make a statement. [21482] Mr. Heald: Basic pension plus will apply to everyone and its security is guaranteed, so the sort of alleged mis-selling that occurred in the late 1980s is not directly relevant. Moreover, any company that failed to compensate for past mis-selling would not be eligible to manage a basic pension plus fund.

Secondary information

Type: Written question
Reference: 21482; 292 c904-5W
Session: 1996-97
Subjects: Compensation Pensions Personal pensions Marketing State retirement pensions