§ Mr. WebbTo ask the Secretary of State for Social Security what research he has undertaken, and what assessment he has made, of the level and pattern of debt among the target group for stakeholder pensions. [104143]
§ Mr. RookerSome information is available from departmental and other surveys on levels of debt generally, although no specific assessment has been attempted which would link such data to information about pension provision and the stakeholder pensions target group. Stakeholder pension schemes will give up to 5 million people on moderate earnings the option of a secure, flexible and value-for-money funded pension. We believe that those who can afford to save for their retirement should do so, but the affordability of pension contributions in relation to other commitments is a matter for individual decision.