Written question asked by Stephen O'Brien (Conservative) on Monday, 13 January 2003, in the House of Commons. It was due for an answer on Monday, 20 January 2003. It was answered by Ruth Kelly (Labour) on Monday, 20 January 2003 on behalf of the Treasury.

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Treasury

Question

To ask Mr Chancellor of the Exchequer, who the trustees are of the pension scheme of the Financial Services Authority; who the trustees were in 1998; who the trustees were of the pension scheme of the Personal Investment Authority in 1998; and what the role of the trustees is in relation to the (a) FSA and (b) other Government and regulatory bodies; how many members of the pension scheme of the Personal Investment Authority paid additional voluntary contributions to Equitable Life in (a) 1997-98, (b) 1998-99 and (c) 1999-2000; if the trustees of the Personal Investment Authority pension scheme in 1998 had access to internal assessments undertaken by (a) the Government Actuaries' Department and (b) other regulatory and Government bodies, in relation to the viability of Equitable Life; what the aggregate amount was of additional voluntary contibutions paid to Equitable Life by members of the pension scheme of the Personal Investment Authority in (a) 1997-98, (b) 1998-99 and (c) 1999-2000; if he will place in the Library copies of the (a) Personal Investment Authority and (b) Financial Services Authority pension scheme trustees' annual reports for 1998-99; what investments of the Personal Investment Authority pension scheme were held in Equitable Life at its scheme year end in 1998; what payments relating to the pension scheme were made to Equitable Life during the year 1997-98; what changes were made to the arrangement for investments with Equitable Life during the years (a) 1997-98, (b) 1998-99 and (c) 1999-2000; what the reasons were for those changes; and what costs were incurred by (i) the Personal Investment Authority and (ii) the Trustees. - The matters raised are the responsibility of the Financial Services Authority whose chairman will be writing to the Honourable Member.

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Secondary information

Type

Written question

Reference

398 c47W; 91191;91189;91193;91186;91192;91190

Session

2002-03

Subjects

Costs Financial services Financial Services Authority Equitable Life Assurance Society Government Actuary's Department Pensions Payments Public bodies Pension funds Regulation Trusts Personal Investment Authority Additional voluntary contributions

Contains statistics

Yes

Link

View this Written question on www.publications.parliament.uk