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Pensions: Compensation

Volume 459: debated on Tuesday 1 May 2007

To ask the Chancellor of the Exchequer what estimate he has made of the percentage of mis-sold pensions which have been the subject of completed compensatory procedures over the last 20 years; and if he will make a statement. (134080)

This information is not held centrally. The Financial Ombudsman Service publishes figures on the number of cases it deals with each year. In addition, figures issued by the Financial Services Authority show that 1.7 million people have had their cases reviewed in a programme of reviews by authorised firms of personal pensions sold between April 1988 and June 1994.