STATE OF THE NATION'S SAVINGS

Motion Text

That this House welcomes the publication of the Association of British Insurers annual The State of the Nation's Savings Report; notes with interest that 50 per cent. of those questioned said that they would be persuaded to start saving or increase their savings for retirement if the Government promised that they would not reduce their entitlement to state benefits because of their pension; and calls on the Government to reduce the spread of means-testing and increase incentives to save by increasing the basic state pension by earnings not prices to reverse the spread of means-testing.