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Pensions: Forecasts

Volume 476: debated on Monday 2 June 2008

To ask the Secretary of State for Work and Pensions what his policy is on the provision of state pension forecasts for individuals, with particular reference to the timing of the provision of forecasts. (206536)

Pension forecasts, provided by The Pension, Disability and Carers Service are available as follows:

“On request”, either provided in writing or via the web-service. On receipt of a request from a customer by telephone or letter, The Pension, Disability and Carers Service will usually send a written State Pension Forecast within 10 days. The web-based service provides instant on-line pension forecasts to customers.

Combined Pension Forecasts (CPF), which contain an estimate of state pension together with an illustration of occupational or personal pension, offer a more complete picture of potential pension entitlement. They are issued as part of the participating schemes annual statement timetable.

I also refer the hon. Member to the reply I gave on 21 April 2008, Official Report, column 1844W, to the hon. Member for South Cambridgeshire (Mr. Lansley)