PENSION PROVISION

Early day motion 394, tabled 16 December 2002 by Lord Willetts (Conservative). Signed by 79 members.

That this House expresses concern that final salary pension schemes are closing at an alarming rate; notes that more than half are now closed to new members; further notes that 12 million workers now have no personal occupational pension provision; further notes that the savings ratio is now at 3.7 per cent. its lowest level since records began; and calls on the Government to restore incentives for people to save for their retirement.

Signatures by party: Conservative 74, UUP 3, Independent Conservative 1, Liberal Democrat 1.