You are here: Home - Uncategorized -

Public polled on pensions reforms

Written by:

The Government is holding a National Pensions Day to gauge people’s views on pensions reform. But will the Government take notice of their opinions? asks Andrew Partridge.

The Government is holding a National Pensions Day to gauge people’s views on pensions reform. But will the Government take notice of their opinions? asks Andrew Partridge.

The Department for Work and Pensions is to debate reform of the state system with members of the public on National Pensions Day on March 18th.

At a series of satellite-linked events in Belfast, Birmingham, Glasgow, London, Newcastle and Swansea, ordinary people will get the chance to give their opinions on the steps the government should take to reform the pensions system.

The events will each be attended by 1,000 members of the public, where they will see videos, hear speeches and vote on proposed changes to the pensions system.

The Government is set to put forward a white paper on pensions reform later this spring, and the events mark an attempt for it to gain feedback on the options it has open to it before it presents its proposals.

Secretary of State for Work and Pensions, John Hutton, said: “I look forward to hearing many different views over the coming weeks. Together we can build that enduring consensus and ensure that we take the right long-term decisions to deliver a lasting pensions settlement for our children and grandchildren – and for the generations to come.”

In addition to the National Pensions Day, the DWP is also holding an online pensions debate, a further opportunity for people to comment on pensions proposals.

There are some tough options on the table for the Government regarding pensions reform, after the publication of the Turner Report on pensions reform at the back end of last year.

The Turner Report, produced by the Pensions Commission, proposed a more generous state pension, and the establishment of a National Pensions Saving Scheme– to encourage people to save more for their retirement throughout their working lives. However it also said people would have to work longer.

And John Hutton has already said that an increase of the retirement age by 2020 is “inevitable”.


Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co... Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
Golden oldies

Older Brits are more than happy to celebrate each birthday in style. Christina Jordan reports