§ Mr. LeightonTo ask the Chancellor of the Exchequer what proportion of the work force has opted for personal pensions or is in money purchase schemes contracted out.
§ Mr. Peter LloydI have been asked to reply. The latest available figure (June 1988) for the work force* of the United Kingdom is 28,164,000 Over 800,000 people have opted for a personal pension since they were introduced in July 1988. Over 6,500 contracted-out money purchase (COMP) schemes have been set up: no figures are available on the number of individuals involved.
381W* Employment Gazette January 1989. Work force in employment plus claimant unemployed.