Private Pensions

Part of Oral Answers to Questions — Work and Pensions – in the House of Commons at 2:30 pm on 12 November 2001.

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Photo of Ian McCartney Ian McCartney Minister for pensions, Department for Work and Pensions 2:30, 12 November 2001

I will be present for the whole debate, and I am looking forward to it. We will punch a hole in all the misinformation that the hon. Gentleman's party is issuing about stakeholder pensions. The Association of British Insurers estimates that as many as two thirds of employers required to do so will have designated a scheme by 8 October. From a standing start, we have established in the marketplace a pensions vehicle for many people who under the Conservatives had no access to personal pensions, group pensions or employer pensions, with or without contributions.