Written question asked by Baroness Harman (Labour), in the House of Commons. It was due for an answer on Thursday, 20 March 1997. It was answered by Angela Knight (Conservative) on Thursday, 20 March 1997 on behalf of the Treasury.

Treasury

Question: When he expects that the process to compensate those mis-sold personal pensions will be complete. - (Holding answer 19 March 1997).

Answer: Ms Harman: To ask the Chancellor of the Exchequer when he expects that the process to compensate those missold personal pensions will be complete. [21013] Mrs. Knight: [holding answer 19 March 1997]: The financial services regulators are working closely with firms responsible for sales of personal pensions to speed up the progress of reviews for those who have been missold personal pensions. The Government have made it absolutely clear to the pensions industry that rapid progress this year is imperative. Targets will be set once the PIA has concluded its top-level meetings with firms by the end of this month.

Secondary information