HC Deb 18 December 1986 vol 107 c694W
Mr. Andrew Bowden

asked the Secretary of State for Social Services how many people are currently receiving retirement pension payments by means of automated credit transfer direct to a bank or building society account.

Mr. Lyell

About 1.1 million people received retirement pension payments by means of automated credit transfer in November 1986 (latest available figures). About 29 per cent. of newly-retiring pensioners choose this method of payment (July 1986 figure).