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He supported a Parliamentary debate on pensions which "expresses deep concern at Government policies that have led to a decline in funded pension provision and a massive extension of dependence on means-tested benefits; deplores the £5 billion per annum pensions tax and the erosion of incentives to save, which have caused the halving of the Savings Ratio, and have resulted in only 19 per cent. of final salary pension schemes remaining open to new members; condemns the Government for extending dependence on means-testing to over half of pensioners, despite earlier promises to the contrary, and for ignoring the interests of 1.4 million of the poorest pensioners who, on the Government's own target, will still not be receiving Pension Credit in 2006; notes that Government policies have created a big disincentive to save and led to an increase in the number of pensioners in persistent poverty; and calls on the Government to support state pension reform to reduce dependence on means-tested benefits, to remove the disincentive to save, to improve the financial position of pensioners, including the 1.4 million poorest pensioners, and to provide better incentives to save."