Six key pension priorities for UK election manifestos
By Kirsten Hastings, 3 May 17
Pension scams, DB schemes and retirement support should all feature in the party manifestos the UK political parties publish ahead of the snap election on 8 June, the Pensions and Lifetime Savings Association (PLSA) has said.
Graham Vidler, director of external affairs, PLSA, said: “Over the last two years, a significant amount of work has been done to ensure the continued momentum of automatic enrolment and to help extend workplace pension saving to more people than ever before. We have also seen a welcome recognition from government of the need for action on defined benefit (DB) pensions.
“The next government needs to consolidate the growth of workplace pensions, increasing the reach of automatic enrolment and setting out a plan to raise contribution rates. It also needs to make it easier for schemes to make DB pensions sustainable.
“Above all, it needs to build public confidence in the system, helping the industry fight scams and deliver the retirement choices savers want, while resisting the temptation for further raids on the pensions tax relief piggybank.”
Click through the slides to see the six pension priorities parties should consider ahead of the upcoming general election.
Tags: DB pensions | PLSA | Scams | UK Adviser
