Therefore, we are reducing the complexity of choice and the danger of a mis-choice or a mis-sell.
It is certainly not our intention that firms should be allowed to mis-sell products, but we believe that the amendments are unnecessary.
I believe that that is what drove people to mis-sell.
That persuasion was readily taken up by pension companies that mis-sold personal pensions to people who were seriously concerned about security in their old age.
To date, more than 401,000 people who were mis-sold a pension have been offered £2.7 billion of compensation by the industry.
It has cost hundreds of thousands of people who were mis-sold a pension an average of £4,000 in their pension investment.
Many people have contrasted the way that private companies have been obliged to seek out people who may have been mis-sold a personal pension.
Those who have mis-sold personal pensions are beginning to put the matter right.
