HC Deb 25 June 1996 vol 280 c111W
23. Mr. Nicholas Winterton

To ask the Secretary of State for Social Security if he will make a statement on private pension provision. [32996]

Mr. Heald

Pensions funds are of huge importance for the country and its people. UK funds amount to nearly £600 billion—more than in all the other countries in the European Union put together. By providing security and enhancing choice, the measures in the Pensions Act 1995 will create the environment necessary for funded occupational and personal pensions to continue to thrive.