Part of Pensions Bill [Lords ] – in a Public Bill Committee at 5:00 pm on 12 July 2011.
In relation to pension provision, apart from those in the public sector and the people in the larger blue-chip companies, the level of take-up of either a personal pension or a company pension is absolutely shocking. I am sure that the Minister will agree. However, he is saying that these provisions will change the whole culture and create a society where people look to provide for their future and their retirement.