division_name: Pensions
motion: <p>
   I beg to move,
  <p> 
   
    That this House believes that the Government's proposed pensions reforms are in chaos and will do great damage to long-term savings and pension provision, especially occupational pension schemes and Group Personal Pensions; that, unless changes are made which have been called for by Her Majesty's Opposition, the stakeholder pension will be an expensive failure; further believes the Minimum Income Guarantee combined with the proposed State Second Pension will constitute a massive extension of means-testing; and condemns the Government's complacency and incompetence which will ensure millions of future pensioners will be forced into dependence on state handouts in retirement.
  <p>
   I beg to move, To leave out from "House" to the end of the Question, and to add instead thereof:
  <p> 
   
    'commends the Government's approach to pensions reform, set out in its Green Paper "Partnership in Pensions"; congratulates the Government on its determination to tackle 18 years of abject failure on the part of the Conservative government to put pensions provision on a proper footing and rejects the Conservative plans to privatise pension provision; commends the Government's commitment to end the scandal of pensions mis-selling and its plans to strengthen the financial regulatory system; commends the Government on its commitment to economic stability and low inflation which helps pensioners; believes that its reforms to the corporate tax system, which will result in the lowest ever rate of <p>Question put,  That the original words stand part of the Question:--
  <p>The House divided:  Ayes 134, Noes 362.
   