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Volume 403: debated on Monday 10 March 2003

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To ask the Chancellor of the Exchequer what response he has made to the recommendation from the Financial Services Consumer Panel that the Government should consider establishing an independent charitable trust charged with offering consumers free advice on the purchase of annuities. [101333]

The Pensions Green Paper, "Simplicity, Security and Choice: Working and Saving for Retirement" (Cm 5677), made clear the Government view that compulsory independent financial advice would not be appropriate at this stage. Reforms to the market for financial advice and sales look likely to increase both consumer choice and the availability of low-cost financial advice.

To ask the Chancellor of the Exchequer if he will create a CAT standard annuity. [101332]