§ Mr. Frank FieldTo ask the Secretary of State for Work and Pensions, pursuant to his answer to the hon. Member for Northavon (Mr. Webb), on 26 October 2001,Official Report, column 438W, on stakeholder pensions, what income range in pounds sterling per annum is the target group for stakeholder pensions. [11622]
§ Mr. McCartneyThe Green Paper "Partnership in Pensions" identified moderate earners as people earning between £9,000 and £20,000. The Green Paper went on to explain that people earning above £20,000 were in most cases already making additional pension provision. However, it did make clear that higher earners without access to a good quality pension scheme would still be able to take advantage of the new stakeholder regime.