§ Dr. FrancisTo ask the Secretary of State for Work and Pensions how many state pensions forecasts his Department expects to produce in the next three years; how many people will be required to process those projected forecasts; and what the estimated cost is to process them. [122268]
§ Malcolm WicksIn the year 2003–04 we expect to issue 843,000 Individual Pension Forecasts; over one million Combined Pension Forecasts and 1.9 million Automatic Pension Forecasts to the self-employed in252W provider. They are therefore a pension option for people who change jobs often or who have breaks in their employment and savings patterns, which includes many women.
We are monitoring trends in take-up of stakeholder pensions, including differences in take-up between men and women, using a number of sources.
Information from the Association of British Insurers (ABI) shows that in the period 1 January 2002 to 30 June 2002 over 40 per cent, of stakeholder pension sales were to, or for, women. In comparison 30 per cent, of personal pension products are held by women.