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Mr. Jim Cunningham
To ask the Secretary of State for Work and Pensions what assessment he has made of the impact of the stakeholder pension on pension rights for women. [125355]
Malcolm Wicks
Stakeholder pensions do not impose penalties if a person stops paying contributions for a time, or if they transfer their pension to another
| Table 1: The gross cost of restoring a link with earnings in the basic State Pension from April 2004 | ||||||
| £ billion | ||||||
| 2005–06 | 2006–07 | 2007–08 | 2008–09 | 2009–10 | 2010–11 | |
| All pensioners | 1.7 | 2.5 | 3.3 | 4.2 | 5.2 | 6.2 |
| Pensioners aged 65 and over | 1.6 | 2.2 | 2.9 | 3.7 | 4.5 | 5.4 |
| Pensioners aged 70 and over | 1.1 | 1.6 | 2.1 | 2.7 | 3.3 | 3.9 |
| Pensioners aged 75 and over | 800 | 1.1 | 1.4 | 1.8 | 2.2 | 2.6 |
| Pensioners aged 80 and over | 500 | 600 | 900 | 1.1 | 1.3 | 1.6 |
| Table 2: The net cost of restoring a link with earnings in the basic State Pension from April 2004 | ||||||
| £ billion | ||||||
| 2005–06 | 2006–07 | 2007–08 | 2008–09 | 2009–10 | 2010–11 | |
| All pensioners | 1.1 | 1.6 | 2.2 | 2.8 | 3.4 | 4.1 |
| Pensioners aged 65 and over | 1.3 | 1.8 | 2.4 | 3.0 | 3.7 | 4.4 |
| Pensioners aged 70 and over | 900 | 1.2 | 1.7 | 2.1 | 2.6b | 3.0 |
| Pensioners aged 75 and over | 600 | 800 | 1.1 | 1.4 | 1.7b | 2.0 |
| Pensioners aged 80 and over | 300 | 500 | 600 | 800 | 900 | 1.1 |
Notes: