Tag Archives: pension

Mary Reid

Steve Webb challenges pension industry to provide ‘money-safe’ pension scheme

By Mary Reid | Tue 3rd July 2012 - 4:08 pm

Steve Webb, the pensions minister, is addressing pension executives today and will be challenging them to provide a money-back guarantee to everyone who will be saving for their pensions through a new workplace defined contributions plan. This kind of scheme would ensure that people get back, as a minimum, the value of the contributions they have paid in.

This is one of several proposals which will be consulted on later in the year. Other ideas include collective risk sharing, which allows pension companies to pool their accounts and share the investment …

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  • Steve Trevethan
    Thank you for a bravely honest article! Might the “leadership” which took the L. D party into enforced student debts/loans have been confused about the i...
  • David Le Grice
    Weird that this appears to be the first LDV article about this, and the first time anyone in the parliamentary party has spoken up about it (as far as I'm aware...
  • Jack
    Delighted to see conference overwhelmingly reject the EHRC guidance (they don't deserve three quarters of that name - I accept they are a commission). People ar...
  • Geoff Reid
    Somebody had to say it eventual!y. Thank you Tom for inviting us to be honest on this matter....
  • Hywel
    Important point there Paul. For all the angst about 'lack of cut through' that has pretty much been the case for most of the time the LIb Dems existed except f...