HC Deb 27 November 1989 vol 162 c149W
72. Mr. David Shaw

To ask the Secretary of State for Social Security what are the latest figures on the number of people opting to take out personal pensions.

Mrs. Gillian Shephard

Just over 3.5 million people have so far applied for an appropriate personal pension.

Mr. Meacher

To ask the Secretary of State for Social Security whether he will publish in theOfficial Report a table showing, for men and women aged 16, 20, 30 and 40 years in April 1988, the ages at which it would pay the person concerned to cease contributing to a personal pension or other money purchase scheme, assuming rates of return of 0.5 per cent. and 2.5 per cent. above the annual increase in average earnings.

Mrs. Gillian Shephard

It is not possible to give such a table because of the wide range of other factors, in addition to the rate of return, which would affect the amount of the personal pension.