PROMOTION OF THE ADVANTAGES OF SERPS

Early day motion 889, tabled 5 March 1998 by Paul Flynn (Labour). Signed by 26 members.

That this House calls on the Government to promote the great advantages of SERPS as the basis of new second pensions; notes that the Eagle Star Life Assurance Company praised SERPS' enormous benefits of absolute portability, extremely low costs and efficient distribution systems; recalls that SERPS also provides pensions of predictable value that are fully inflation proof on a fairer basis than most occupational and personal schemes at less than a tenth of their costs; and urges the Government to overcome what Eagle Star described as the public's 'poor understanding' of SERPS by marketing enthusiastically this fine achievement by the previous Labour Government.

Signatures by party: Labour 22, Labour/Co-operative 3, Liberal Democrat 1.