§ Ms CorstonTo ask the Secretary of State for Social Security what estimate he has made of the average percentage of total costs taken up on entering private pension schemes by(a) fees, charges and administration and (b) occupational and private pension rebates and subsidies (i) in the first year and (ii) at retirement age, for men and women now aged (1) 20, (2) 30, (3) 40 and (4) 50 years. [3047]
§ Mr. HealdNo such estimates have been undertaken. Given the variety and diversity of occupational and personal pension provision in the United Kingdom, establishing the average percentage of total charges is not possible.
§ Mr. MacShaneTo ask the Secretary of State for Social Security what estimate he has made of the percentage of total pension payments dependent on the performance of private pension funds(a) currently, (b) in 2010 and (c) in 2020. [3923]
§ Mr. HealdIt is estimated that in 1994, the latest year for which figures are available, approximately 40 per cent. of total pension payments, including the state retirement and earnings-related pensions, were from funded occupational and personal pension schemes.
Comparable projections for 2010 and 2020 are not available.