The Minister was taking part in a debate organised jointly by the International Longevity Centre-UK and the Actuarial Profession entitled Pensions reform after the election: how the consensus can be maintained. The event was sponsored by Aviva.
The debate, which featured a number of eminent speakers, examined the future of pensions provision in Britain, both private and state, and examined how the challenge of providing for future generations can be met.
The Minister said: “At the start of a new government, the time is right to look at the big picture. Pensions policy has suffered from the curse of incrementalism in the past coherent systems have been tinkered with to the extent that they no longer function properly.”
He continued: “The state pension must be the foundation on which all other pensions policy is based and we will help ensure this by restoring the link between pensions and earnings.”
Charles Cowling, chair of the Actuarial Profession’s pension committee said: “It is heartening to hear a pensions minister look to the long term. Commitments towards simplification and giving people greater choice, including scrapping the mandatory retirement age, are welcome. The time for a frank and open debate on pensions is now. It cannot wait any longer. And the Actuarial Profession will play its part in ensuring that this debate is informed with fact and shapes a sustainable and fair pensions system.”
Baroness Sally Greengross, Chief Executive of the International Longevity Centre- UK added: “A whole new approach is needed if we are to deliver a future pension regime which is fair, sustainable and helps tackle pensioner poverty. It was clear from the debate that there is significant consensus on the objectives of future pensions reform. Pension reform is too important to become a political football.”
Date :16 June 2010
Are you looking for a short-term paid role in a think tank over the summer?
The independent think tank the International Longevity Centre – UK (ILC-UK) is seeking a summer intern to start on Monday 23 July. The intern would work 4 days a week for a period of 4 weeks, with the possibility of extension.
Date :10 July 2018
New research ‘An Economic Analysis of Flu Vaccination’ paints a picture of lives saved and costs averted, but more needs to be done to increase uptake
Date :05 July 2018
Ben Franklin, Assistant Director of Research and Policy comments on the role of public policy, industry and consumer bodies in assisting the regulator to protect consumers.
Date :28 June 2018
On 19th June entries opened for the Innovating for Ageing initiative, a competition to identify solutions to the challenges facing vulnerable consumers.
Date :19 June 2018
The International Longevity Centre – UK (ILC-UK) and Just Group have analysed the submissions and created a shortlist to take forward that helps deal with ageing issues such as cognitive decline, failing physical health, loneliness and digital exclusion.
Date :12 June 2018
We are looking for an experienced, flexible and proactive candidate to support the Senior Management Team in managing the financials of the organisation.
Date :11 June 2018