HC Deb 12 December 1972 vol 848 c79W
58. Mrs. Castle

asked the Secretary of State for Social Services what is the current sum collected per year by employers from their employees under occupational pension schemes; what estimate he has made of the increase in this sum as a result of the provisions of the Social Security Bill; how much of the current sum is invested by the employers in their own firms; and what steps he intends to take to safeguard these funds.

Sir K. Joseph

Members' contributions to such schemes were estimated to total £520 million in 1971. No reliable estimate can be made of increases which might result from the Social Security Bill; and no separate figures are available as to the investment of employees' contributions. The funds of recognised schemes will be supervised by the Occupational Pensions Board.