EQUITABLE LIFE PENSIONS

Early day motion 162, tabled 17 July 2001 by Michael Weir (Scottish National Party). Signed by 41 members.

That this House expresses grave concern over the action of Equitable Life in slashing the value of pension funds, built up by nearly one million policy holders, by up to 16 per cent.; notes the worrying reports suggesting that other pension companies may follow suit in response to falling stock markets; and calls on the Government to respond to this latest crisis in the pensions industry.

Signatures by party: Labour 23, Liberal Democrat 9, Scottish National Party 5, Plaid Cymru 2, Labour/Co-operative 1, UUP 1.