§ Mr. FlightTo ask the Secretary of State for Social Security if she will make a statement on participation in stakeholder pensions. [16732]
§ Mr. DenhamStakeholder Pensions will be a new type of pension scheme which will provide simple, secure, flexible and value-for-money pension arrangements for many of those who do not have the opportunity to build a secure retirement income under the current system; they include many women, part-time workers, those on temporary contracts and many of the self-employed.
In developing and promoting Stakeholder Pensions, the Government sees a key role for new partnerships involving financial services organisations, employers, employees, trades unions and other affinity groups. The Stakeholder Pension consultation document seeks views on how a detailed framework may best be established which allows these partnerships to develop.