Fairness in Pension Provision

Part of the debate – in Westminster Hall at 3:58 pm on 8th April 2014.

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Photo of Jim Cunningham Jim Cunningham Labour, Coventry South 3:58 pm, 8th April 2014

I certainly remember the early ’80s when people were encouraged to take out a private pension, but unless they worked for a reputable company it was not explained how a private pension could sometimes affect the state pension. There must be thousands of people in that situation in this country. Whatever my views about the Government’s pension proposals, at least they will explain them to people. When I worked at Rolls-Royce, it spent a lot of money trying to persuade us away from the state pension to a private pension scheme and to some extent we got reasonable advice, but I can think of other car companies in the Coventry area where even today there are still problems with pensions.