Author Archives: Janice Turner

Opinion: Pensions move could negate the whole point of pensions saving

George Osborne’s announcement that people with  defined contribution (money purchase) pensions could take the lot as a lump sum on retirement kills several birds with one stone. First, it most definitely attracts the grey vote because the idea of getting your hands on your whole pension pot on retirement is very appealing.

But this also looks like a reaction to mounting evidence, including from the Financial Conduct Authority no less, that annuities are not good value for money. Defined Contribution schemes allow retirees to buy an annuity (your pension) on the open market, but the schemes provide a default annuity which …

Posted in Op-eds | Tagged and | 29 Comments

Opinion: Time for a grown-up workplace partnership

The Tories hate trade unions. In the context of the Social Liberal Forum’s conference on 13 July in Manchester, with the theme “Ownership and Democracy – where does power lie?” the Tories’ policies regarding the unions have been to try to remove as much power and as many rights from them as possible, in order to free up company bosses to use their power as they see fit without the need to discuss their plans with the workforce.

The problem with strengthening corporate power while weakening trade union and individual rights is that it allows a return to working conditions …

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Race equality – a new Liberal Democrat approach: SLF/EMLD Conference takes place soon

Vince Cable, Secretary of State for Business, Innovation and Skills, is the keynote speaker at one of the most important race equality events this party has held in recent years. Organised jointly by the Social Liberal Forum and Ethnic Minority Liberal Democrats, it takes place from noon on Saturday 1st June at Amnesty International’s Human Rights Action Centre, 25 New Inn Yard London EC2A 3EA. The conference will be of immense help to all those who realise that, particularly in London, the ethnic minority vote will be key to whether we sink or swim in the next elections.

Race equality is …

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Opinion: both private and public sector pensions need improving

There are two fundamental problems with the analysis by the Institute for Fiscal Studies of the current negotiations on public sector pensions.

Firstly, the IFS compares public sector pension provision with that of the private sector and implies that the inevitable disparity has to be rebalanced by cutting the public sector rather than improving private sector provision.

Secondly, they choose to ignore the approximately £100 billion saved by moving from RPI to CPI and then says that if you exclude £100 billion and the fact that retired public sector workers’ pensions are going to have lower increases than before, they are better off.

But this …

Posted in Op-eds | Tagged and | 14 Comments



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