Early day motion 2880

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NATIONAL EMPLOYMENT SAVINGS TRUST

That this House welcomes the National Employment Savings Trust (NEST) as a necessary intervention into the pensions market to provide low cost pensions for a new generation of savers; believes that the restrictions placed on NEST in the form of the annual contribution cap and transfer ban put a burden on businesses wishing to use NEST and are not in the interests of consumers who want to consolidate pensions savings in a single pensions pot; recognises that the restrictions on NEST have already delivered the policy intention of focusing NEST on developing products for low earners; notes that the Director General of the Association of British Insurers told the Work and Pensions Select Committee that NEST was setting standards for good value in the pensions market; further believes that the effect of driving up standards would be enhanced if the two restrictions were lifted; further notes that the Work and Pensions Select Committee called on the Government to remove these restrictions as a matter of urgency; and urges the Government to acknowledge the political consensus to remove NEST's restrictions and to do so at the earliest opportunity.

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Total number of signatures: 56

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Showing 56 out of 56

Name Party Constituency Date Signed
Abrahams, Debbie Labour Party Oldham East and Saddleworth 22.03.2012
Anderson, David Labour Party Blaydon 27.03.2012
Bailey, Adrian Labour Party West Bromwich West 22.03.2012
Binley, Brian Conservative Party Northampton South 22.03.2012
Blomfield, Paul Labour Party Sheffield Central 27.03.2012
Brown, Nicholas Labour Party Newcastle upon Tyne East 22.03.2012
Burt, Lorely Liberal Democrats Solihull 27.03.2012
Caton, Martin Labour Party Gower 20.03.2012
Clark, Katy Labour Party North Ayrshire and Arran 20.03.2012
Clarke, Tom Labour Party Coatbridge Chryston and Bellshill 22.03.2012
Corbyn, Jeremy Labour Party Islington North 23.03.2012
Crausby, David Labour Party Bolton North East 16.04.2012
Cruddas, Jon Labour Party Dagenham and Rainham 22.03.2012
Cryer, John Labour Party Leyton and Wanstead 22.03.2012
Cunningham, Tony Labour Party Workington 22.03.2012
Davidson, Ian Labour Party Glasgow South West 26.03.2012
Davies, Geraint Labour Party Swansea West 22.03.2012
Durkan, Mark Social Democratic and Labour Party Foyle 20.03.2012
Efford, Clive Labour Party Eltham 22.03.2012
Engel, Natascha Labour Party North East Derbyshire 22.03.2012
Flynn, Paul Labour Party Newport West 22.03.2012
Francis, Hywel Labour Party Aberavon 20.03.2012
Gapes, Mike Labour Party Ilford South 22.03.2012
Gardiner, Barry Labour Party Brent North 22.03.2012
George, Andrew Liberal Democrats St Ives 27.03.2012
Gilmore, Sheila Labour Party Edinburgh East 22.03.2012
Glass, Pat Labour Party North West Durham 22.03.2012
Harris, Tom Labour Party Glasgow South 22.03.2012
Healey, John Labour Party Wentworth and Dearne 22.03.2012
Heyes, David Labour Party Ashton under Lyne 19.04.2012
Hood, Jim Labour Party Lanark and Hamilton East 22.03.2012
Hopkins, Kelvin Labour Party Luton North 27.03.2012
Leech, John Liberal Democrats Manchester Withington 27.03.2012
Lloyd, Stephen Liberal Democrats Eastbourne 16.04.2012
McCabe, Steve Labour Party Birmingham Selly Oak 22.03.2012
McDonnell, John Labour Party Hayes and Harlington 09.03.2012
McGuire, Anne Labour Party Stirling 22.03.2012
McKechin, Ann Labour Party Glasgow North 22.03.2012
Meale, Alan Labour Party Mansfield 09.03.2012
Mearns, Ian Labour Party Gateshead 22.03.2012
Michael, Alun Labour Party Cardiff South and Penarth 27.03.2012
Mitchell, Austin Labour Party Great Grimsby 22.03.2012
Morris, David Conservative Party Morecambe and Lunesdale 22.03.2012
Morris, Grahame M Labour Party Easington 22.03.2012
Pearce, Teresa Labour Party Erith and Thamesmead 27.03.2012
Ritchie, Margaret Social Democratic and Labour Party South Down 21.03.2012
Rotheram, Steve Labour Party Liverpool Walton 22.03.2012
Roy, Frank Labour Party Motherwell and Wishaw 22.03.2012
Roy, Lindsay Labour Party Glenrothes 22.03.2012
Sanders, Adrian Liberal Democrats Torbay 27.03.2012
Sheridan, Jim Labour Party Paisley and Renfrewshire North 22.03.2012
Smith, Nick Labour Party Blaenau Gwent 22.03.2012
Thomas, Gareth (Harrow West) Labour Party Harrow West 15.03.2012
Vaz, Valerie Labour Party Walsall South 22.03.2012
Wicks, Malcolm Labour Party Croydon North 22.03.2012
Wright, David Labour Party Telford 22.03.2012