Pensions Forecasts

Danny Alexander
To ask the Secretary of State for Work and Pensions what his estimate is of the number of people that will receive pension forecasts from his Department in each year until 2050, broken down by (a) age and (b) ethnicity.

Mr. Mike O'Brien
This information is not available. Pension forecast volumes are correlated to customer demand, which makes it difficult to estimate future service usage.

We are also currently considering the role pension forecasts should play within the wider information and communication strategy that underpins and our pensions reforms.

We recognise that individuals will need access to relevant and accurate information when they are auto-enrolled, as they would in any other circumstances where they are making decisions about their retirement.

We are developing a strategy that ensures individuals are equipped with the necessary facts and understanding, so that they are able to make appropriate decisions about their retirement planning.