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.
Savers must continue to be incentivised to save, and any tax reform should harness incentives to save, not remove them. Further piecemeal cuts will undermine the stability of – and public trust in – the system of pensions tax relief.
The government should instead undertake a thorough, independent review of tax and incentives to save in order to seek sustainable solutions which continue the alignment of government (both current and future), savers, employers, industry and broader society which has driven the success of automatic enrolment so far.
Tags: DB pensions | PLSA | Scams | UK Adviser
