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.
Automatic enrolment will deliver a real improvement for millions of people’s retirement incomes and the government can build on this success. To do this, it is essential that minimum overall contributions increase to at least 12% of salary by 2030, with steps taken now towards this goal.
The government should also extend automatic enrolment to include 18-21 year olds, self-employed people and those in multiple jobs paying low salaries totalling £10,000 ($12,905, €11,826) or more.
Tags: DB pensions | PLSA | Scams | UK Adviser
