Oral Answers to Questions

Yvonne Fovargue Excerpts

Monday 7th September 2015 Commons Chamber

[Mr Vara]

My Department is keen to ensure that the consumer does not miss out, and we are working closely with the Financial Conduct Authority to ensure that the rules and regulations are fit and proper. If my hon. Friend would like to bring any particular cases to my attention, I would be happy to look at them.

[Yvonne Fovargue (Makerfield) (Lab)]

Will the Minister tell us when the Government are going to publish the information on the take-up of the Pension Wise service, and what action they are taking to combat the scammers, who have scammed £4.7 million out of people in the first month of the new scheme?

[Mr Vara]

If the hon. Lady has any specific information on that, I would be happy to receive it from her. We will be publishing the figures on the take-up of the Pension Wise service in due course, but I do not have them at the moment. It is a relatively new operation, and we need to give it some time. In relation to dealing with scams, we are working with the Financial Conduct Authority and we are seeking to stem these scams and any others that there might be.