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Type
House
Session
2002-03 (1)
Year
Department
Member
Primary member
Answering member
Legislative stage
Legislation
Subject
Publisher
To ask Mr Chancellor of the Exchequer, pursuant to his Answer of 10th March 2003, 401 c17W, on annuities, if he will establish an independent charitable trust charged with offering consumers non-compulsory free advice on the purchase of annuities. - Includes ref to Pensions Green Paper "Simplicity, Secure and Choice:...
To ask Mr Chancellor of the Exchequer, pursuant to his Answer of 10th March 2003, 401 c17W, on annuities, if he will establish an independent charitable trust charged with offering consumers non-compulsory free advice on the purchase of annuities. - Includes ref to Pensions Green Paper "Simplicity, Secure and Choice:...
Asked by
Barry Gardiner
(Labour)
Answered by
Ruth Kelly
(Labour)
Answering body
Treasury
Type
Written questions
Status
Answered
Tabled on
29 April 2003
For answer on
6 May 2003
Answered on
6 May 2003
Mr. Gardiner: To ask the Chancellor of the Exchequer pursuant to his Answer of 10th March, Official Report, column 17W, on
annuities, if he will establish an independent charitable trust charged with offering consumers non-compulsory free advice on the
purchase of annuities. [111266]
Ruth Kelly: Help is already available to those buying an annuity in a variety of forms, and from a variety of sources. For example,
many annuity providers and intermediaries offer information and advice to those buying annuities.
As the Pensions Green Paper "Simplicity, Security and Choice: Working and Saving for Retirement" (Cm 5677) explained, action has
already been taken to encourage consumers to shop around for the best annuity. As part of that process the Financial Services
Authority has produced a fact sheet designed to supplement other guidance, and to help consumers assess what type of annuity would
best suit their circumstances, or whether they need to seek further advice.
Subjects
Annuities; Advisory services; Charitable trusts
Date
6 May 2003
Reference
111266; 404 c619W;404 c615W
House
House of Commons