That is not good enough given the scale of the Crisis in Our Occupational Pensions.

I beg to move, That this House condemns the Government's inaction in the face of the Crisis in Occupational Pensions; regrets that the Pensions Bill will do nothing to encourage people to save for their retirement or companies to keep open existing defined benefit schemes, let alone start new ones; recognises with regret that the Pensions Bill will do nothing to help the estimated 60,000 members of schemes who have lost all or most of their pension entitlement; notes that the Government has twice reduced the minimum funding requirement as well as removing £35 billion in extra taxes from pension funds and has conspicuously failed to amend the priority order on wind-up, despite offers of co-operation from the Official Opposition; expresses its surprise that the Government has refused calls to instigate an independent inquiry into the extent of the problem; and calls upon the Government to take urgent action to tackle the current crisis in pensions and to mitigate the unfairness caused to thousands of current and future pensioners across the United Kingdom.

The motion refers to the "Crisis in Occupational Pensions".

The Crisis in Occupational Pensions, which certainly exists, has a deeper base, which is the issue of longevity.