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Personal Accounts Consultation

Volume 458: debated on Monday 12 March 2007

To ask the Secretary of State for Work and Pensions how many people have responded to the personal accounts consultation process. (118766)

We received around 350 responses to the consultation on the May 2006 White Paper, “Security in retirement: towards a new pensions system”. The range of measures set out in this document included proposals on personal accounts.

Further proposals for personal accounts were set out in the December White Paper “Personal accounts: a new way to save”. The formal consultation on this is due to end on 20 March. As of 2 February we have so far received a total of nine responses; six from business and three from individuals.

However, the consultation is still under way and we expect the majority of responses to come in close to the consultation deadline.