§ Mr. Frank FieldTo ask the Secretary of State for Work and Pensions how many employers are contributing196W to stakeholder pensions; and what information he has collated about the levels of contribution in relation to wage levels. [11407]
§ Mr. McCartneyThe information requested is not yet available. Provisional estimates of contributions to stakeholder pensions by employers are scheduled to be available in early 2002. Information on the earnings bands of stakeholder pension contributors is not yet available. However, recently published research from the Association of British Insurers found that the majority of those intending to take out a stakeholder pension in the 12 months following the research had an individual annual income of less than £25,000.