Pensions - Articles - Pensions dashboard to be debated in Parliament


Anna Rogers, Partner at ARC Pensions Law. comments on the Pensions dashboard that is to be debated in Parliament

 “The dashboard really needs to happen if the government wants people to save enough for a decent retirement income. We can’t stop pensions being confusing and a turn off but we can make it easier to get all the information in one place and that would surely help.

 "The practical difficulties are not to be underestimated and occupational schemes are struggling to improve their own data quality. However, if the risks are to be transferred to individuals then we have to support them in making the right decisions, not just over 55 but earlier in their working life when savings decisions have the biggest long term impact.”

 “Official petitions with over 100,000 signatures have to be considered by the Government for a debate in Parliament. This is on the 38 Degrees campaigning platform, so someone needs to start one through official channels. About two thirds of all petitions get rejected as not suitable for Government action, and it seems that less than 5% have actually been debated in Parliament, but this one seems eminently suitable, with Ministers disagreeing and an important policy objective.”

Back to Index


Similar News to this Story

Six steps to deal with pension Budget changes
What happens next after taking tax-free cash? Contribution allowances and tax relief unchanged. Make full use of your gifting allowances - but don’t l
Investment reserve fund for Mineworkers pension transferred
Barnett Waddingham have noted that, post budget, the Government has announced that it will transfer the "investment reserve" fund for the Mineworkers&
HMRC warning strengthens case for Pensions Tax Lock
HMRC warning on accessing pension cash early. Firms ‘claim to allow individuals early access to their pensions to reduce their tax bill, or to reduce

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.