§ Mr. Robert Atkinsasked the Secretary of State for Social Services what assumptions about future pension costs his inquiry into provision for retirement is using; and if he will make a statement.
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§ Mr. FowlerI have today published, as a background paper for my inquiry, projections by the Government Actuary's Department about future pension costs, and by my economic advisers about pensioners' future incomes. The Government Actuary's projections bring up to date those contained in his quinquennial review report two years ago. I commissioned this work as essential background to my inquiry's examination of the whole range of retirement provision which I launched last November and which we are continuing with public sessions of the inquiry over the next weeks. I have placed copies of the paper in the Libraries of both Houses and in the Vote Office.