Written question asked by Jacques Arnold (Conservative), in the House of Commons. It was due for an answer on Thursday, 20 March 1997. It was answered by Oliver Heald (Conservative) on Thursday, 20 March 1997 on behalf of the Department of Social Security.

Dept of Social Security

Question: What is the estimated pension fund and weekly pension on retirement of a person on average earnings under Basic Pension Plus assuming investment returns (a) one per cent. and (b) two per cent. higher than those used by the Government Actuary. - Includes figures.

Answer: Mr. Arnold: To ask the Secretary of State for Social Security what is the estimated pension fund and weekly pension on retirement of a person on average earnings under basic pension plus assuming investment returns (a) 1 per cent. and (b) 2 per cent. higher than those used by the Government Actuary. [21479] Mr. Heald: Estimated pension funds of £166,000 and £216,000 respectively by retirement, paying pensions of £225 and £290 a week respectively. Source: Government Actuary's Department. Note: Pension amounts are rounded to the nearest £5.

Secondary information

Type: Written question
Reference: 21479; 292 c907W
Session: 1996-97
Subjects: Pensions Personal pensions Pension funds State retirement pensions
Contains statistics: Yes