Stakeholder Pensions

HC Deb 30 October 2000 vol 355 cc247-8W

Mrs. Lait

To ask the Secretary of State for Health what plans he has to offer NHS employees a stakeholder pension. [134373]

Mr. Denham

We expect that National Health Service employers will be exempt from the requirement to provide Stakeholder Pensions. The NHS already has an excellent occupational pension scheme. However, scheme members, earning £30,000 or less, will be eligible to make concurrent contributions to both the NHS pension scheme and a stakeholder pension scheme of their choice. We will encourage NHS employers to facilitate this through payroll deductions.