Pensions Forecasts

Work and Pensions written question – answered on 5th February 2008.

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Photo of Danny Alexander Danny Alexander Liberal Democrat, Inverness, Nairn, Badenoch and Strathspey

To ask the Secretary of State for Work and Pensions what estimate he has made of the number of people who have received pension forecasts in each of the last 10 years.

Photo of Mike O'Brien Mike O'Brien Minister of State (Pension Reform), Department for Work and Pensions

The information is in the following table.

Pensions f orecasts 1996 to 2008
Total
1996-97 574,817
1997-98 562,542
1998-99 518,897
1999-2000 527,135
2000-01 593,857
2001-02 675,976
2002-03 768,302
2003-04 2,905,751
2004-05 6,088,848
2005-06 12,931,712
2006-07 10,674,729
2007-08 2,155,293
Total 38,977,859
Note s :

1. The 2007-08 figure is up to the end of October 2007. 2. The figures include all types of forecasts issued by The Pension Service within a particular year, i.e. Individual Pension forecasts, Real-Time Pension Forecasts, Combined Pension Forecasts and Automatic Pension Forecasts where applicable. 3. The increase in figures from 2003-04 to 2006-07 is as a result of 16,981,007 automatic pension forecasts being issued. The Pension Service suspended issuing these types of forecasts in November 2006, when all the customers for whom valid contact details were available, had received a forecast. Source: Pension Centre Forecasting Systems.

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