§ 17. Mr. CorbynTo ask the Secretary of State for Social Security what estimate he has made of the relative administrative costs of(a) the state pension and (b) personal pension schemes. [24686]
§ Mr. HealdThe estimated cost of administering state retirement pension in 1994–95 is £309 million. Information on the administrative costs of personal pensions is not collected centrally.
Source:
Social Security departmental report, March 1996—Cm 3213.