HC Deb 16 October 2002 vol 390 c885W
Mr. Boswell

To ask the Secretary of State for Work and Pensions how many stakeholder pensions have now been taken out; and what their distribution is by convenient income bands of(a) the participant, (b) their spouse and (c) their parents. [74642]

Mr. McCartney

[holding answer on 15 October 2002]: Figures from the Association of British Insurers (ABI) show that up to the end of June 2002 1,011,934 stakeholder pension policies had been sold. A breakdown of distribution by income bands is not available. However figures published by the ABI in March 2002 show that in cases where earnings of policyholders are known to providers, then the majority of them (60 per cent.) have earnings of between £10,000 and £30,000 a year. Official figures from the Inland Revenue showing the earning bands of policyholders in the 2001–2002 tax year are expected to be available by the end of the current tax year.