Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what assessment his Department has made of the potential demand from members of the National Employment Savings Trust for retirement income products.

We have recently undertaken a Call for Evidence on whether the National Employment Savings Trust should be able to offer decumulation services and extend access to the scheme. We received a wide range of responses which we are taking into consideration, including evidence on the potential demand from members and impact on savers. We intend to publish a Government response in the New Year.