Tag Archives: saga

LibLink | Steve Webb fears poor rap for pensions

FTAdvisor.com reports:

Steve Webb MP has raised fears about pensions’ poor image and how low interest rates and quantitative easing have damaged annuities. The Pensions Minister, who said the government is going to use employers to promote pensions and auto-enrolment, described auto-enrolment as being like a Ming vase – “very precious, but very fragile”.

He added he wants to change perceptions and instil confidence in retirement planning to ensure that charges are not too high and that pensions offer value for money. He said: “We need to move from a system that’s fiendishly complicated, that still leaves millions of pensioners living in poverty, to one, ideally, where we have a single, simple, decent state pension on which people can build.” …

He also said quantitative easing has damaged pensions. When asked about concerns over annuity risk given low interest rates and quantitative easing, the Minister admitted to “an issue about volatility, not knowing what you are going to get and an issue about poor returns.”

You can see Steve’s interview with Saga’s Director-General Ros Altmann below:

Posted in LibLink and YouTube | Also tagged , and | Leave a comment
Advert



Recent Comments

  • User AvatarDavid-1 28th Apr - 3:42am
    It seems clear that Mr Miliband's intent was to use the word "Islamophobia" as a counterpart to antisemitism, but, obviously, referring to Muslims rather than...
  • User AvatarEddie Sammon 28th Apr - 3:21am
    William Hobhouse, in terms of surviving as a political force I wouldn't join any coalition. But I get the impression that some people really want...
  • User AvatarMichael BG 28th Apr - 1:23am
    Along with many who have posted I agree with Judy Abel, however it can be argued that at least a year ago it was decided...
  • User AvatarPsi 28th Apr - 12:54am
    Just to point out the LibDem manifesto states: “We are determined to combat antisemitism and anti-Muslim hate in the UK and internationally” So thankfully whoever...
  • User AvatarEddie Sammon 28th Apr - 12:52am
    Gosh Lester, I'm just saying from the perspective of voters it doesn't look good if some underrepresented groups have their own manifesto and others don't....
  • User AvatarJames 28th Apr - 12:47am
    "One pledge unfulfilled could be forgiven. Two, well, Lady Bracknell would be very disapproving." It beggars belief that we could consider breaking even just one...