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Written question asked by Bill Wiggin (Conservative) on Wednesday, 17 October 2001, in the House of Commons. It was due for an answer on Monday, 26 November 2001. It was answered by Ian McCartney (Labour) on Monday, 26 November 2001 on behalf of the Department for Work and Pensions.


Dept for Work and Pensions

Question
To ask the Secretary of State for Work and Pensions, what plans he has to ensure pension providers transfer funds from one provider to another in a timely and proper fashion.
Answer

Mr. Wiggin: To ask the Secretary of State for Work and Pensions what plans he has to ensure pension providers transfer funds from one provider to another in a timely and proper fashion. [9428] Mr. McCartney: The law sets requirements as to the time allowed to trustees and managers of occupational pension schemes to calculate and provide cash equivalent transfer values, and the manner in which they do so. Members' interests are adequately protected by those requirements. We have no plans to make any further provision.


Secondary information

Type
Written question
Reference
9428; 375 c705W
Session
2001-02
Subjects
Workplace pensions Pension funds Trusts
Link
View this Written question on www.publications.parliament.uk