§ Mrs. LaitTo ask the Secretary of State for Social Security what advice he has received from his advisers on the increase in the number of pensions taken out and the money likely to be put into pensions if stakeholder pensions were fully concurrent. [115908]
§ Mr. RookerIf all members of defined benefit occupational pension schemes were permitted to contribute up to £3,600 to a stakeholder pension, regardless of existing limits, it is estimated that there would be an increase of around one million people taking out stakeholder pensions. The additional money put into pensions would be about £1.3 billion, of which about £400 million would come from tax relief.