PENSION SECURITY

Motion Text

That this House notes the failure of the private pension sector to protect people against the inherent risks of the free market system; and calls upon the Government to address the lack of confidence in the private pensions industry by providing appropriate funding and a commitment to the basic state pension as the best long-term hope for funding a secure system of pensions, one immune from the free market's serious weaknesses and with the risks posed to individual savers and investors.