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Civil Servants: Pensions

Volume 495: debated on Tuesday 7 July 2009

To ask the Minister for the Cabinet Office pursuant to the Answer of 3 March 2009, Official Report, columns 1446-47W, on civil servants: pensions, (1) if she will place in the Library a copy of the Hewitt Associates advice on withdrawal from with-profit funds; (270175)

(2) if she will place in the Library a copy of the letter sent by the Cabinet Office to members of the Civil Service Additional Voluntary Contribution Scheme; and what alternative funds are proposed in place of with-profits funds;

(3) for what reasons the Civil Service Additional Voluntary Contribution Scheme is withdrawing from with-profits funds.

Copies of the letters sent, in November 2007, to civil servants investing in the with-profits funds offered, as part of the Civil Service Additional Voluntary Contribution Scheme by (a) Scottish Widows and (b) Standard Life, have been placed in the Library of the House. These incorporate advice from Hewitt Associates Financial Services Limited.