§ Mr. SayeedTo ask the Secretary of State for Social Security what plans he has to improve the methods of illustrating retirement pensions for members of defined contribution occupation pension schemes in order to make it easier to assess their level of income after retirement. [83703]
§ Mr. TimmsThe consultation document "Strengthening the Pensions Framework", which was issued in December 1998, included proposals to give members of defined contribution pension schemes better and more understandable information about the level of income they are likely to receive in retirement.
We are considering the responses, and will make detailed recommendations in due course.