(a) The data underlying the charts in section 4.5 of the Gender Impact of Pension Reform showing the outcomes for hypothetical individuals have been placed in the House Library as requested.
Please note that these figures show some minor changes to those published in November 2006 reflecting some improvements in the modelling work. We have revised the publication to reflect these changes and to make other minor clarifications as necessary. Revised versions of the Gender Impact of Pension Reform have been placed in the House Library and on the Department for Work and Pensions website. The amendments do not in any way change the overall effects of the reforms shown in the publication.
The amendments cover the following areas:
(1) The charts in section 4.5 showing the outcomes for individuals under reform have been slightly revised to reflect the improved modelling.
(2) Related revisions to table 4.xii (page 57). The figures for the two low-earners with career breaks also now show their income in 2005 including pension credit.
(3) Corrigenda as follows:
(i) Paragraph 162: Delete “£220 per week”; Insert “around £265 per week”
(ii) Paragraph 165: Delete “around £130 per week”; Insert “over £130 per week”
(iii) Paragraph 178: Delete “less than half of the median male earner’s income”; Insert “just over half of the median male earner’s income”
(b) The analysis carried out within the Gender Impact of Pension Reform was designed to examine the expected outcomes for illustrative individuals under the full package of pension reform measures including the state reforms and the implementation of personal accounts. The Department for Work and Pensions has not undertaken detailed analysis under different assumptions of private savings behaviour. It should be noted that for the illustrative individuals concerned, it is assumed that they do not contribute to a personal account during the periods when they are not in work.