Pensions and Superannuation Schemes

HC Deb 21 July 1955 vol 544 cc65-6W

Mr. Gower

asked the Chancellor of Exchequer what information he possesses about the extent to which pensions and superannuation schemes have been instituted in British industry; and to which such schemes have increased in number since 1945.

Mr. H. Brooke

The latest information available is that given in Appendix V of the recent Report of the Committee on the Economic and Financial Problems of the Provision for Old Age [the Phillips Committee]. The total number of pension and superannuation arrangements of all types in operation was about 12,000 at the end of September, 1945, and about 43,000 at the end of September, 1954. These figures bear no necessary relation to the number of employers and employees involved.