Pensions

(asked on 23rd May 2022) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government whether the Financial Conduct Authority has (1) collected, and (2) published, data in any of the years since 2015 showing how many members of contract-based pension schemes have fully withdrawn their pension fund, paying more than 20 per cent in tax; and if so, how many of these had no other pension provision.


Answered by
Baroness Penn Portrait
Baroness Penn
Minister on Leave (Parliamentary Under Secretary of State)
This question was answered on 6th June 2022

This issue is a matter for the Financial Conduct Authority (FCA), who are operationally independent from the Government.

These questions have therefore been passed to the FCA who will respond by letter. Copies of the letter will be placed in the Library of the House.

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