Personal Pensions: Insolvency — Written Question

Question

Victoria Collins

Liberal Democrat — Harpenden and Berkhamsted

To ask the Chancellor of the Exchequer, what assessment her Department has made of the adequacy of the standard corporate insolvency regime for ensuring the timely and cost-effective transfer of client Self-Invested Personal Pensions; and if she will comm

Answer

Torsten Bell

The Government recognises that the insolvency of a Self-Invested Personal Pension (SIPP) operator can have a significant impact on customers as we have seen in some high-profile cases recently. The current corporate insolvency regime does enable transfers...

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