Treasury warns pension firms

PATRICIA HEWITT, the Economic Secretary to the Treasury, told pension firms to work on resolving outstanding mis-selling cases as a top priority. All but nine of the firms being monitored by the Treasury - DBS, Burns Andersen, Financial Options, Countrywide, GAN, Abbey Life, Windsor Life, Lincoln National and London - have resolved 75 per cent of priority cases, according to Treasury figures.

"I am heartened to see that all firms have passed the half-way mark. However, many of them still have a long way to go to meet the end of year deadline for completing their priority cases," said Ms Hewitt.