Tag Archives: pension

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

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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  • Judy Abel
    @Hywel fair point although second class letters are so slow that I would prefer the French model!...
  • Judy Abel
    @Ynys I stand corrected but at least I got the right playwright and the right play!...
  • Judy Abel
    @Simon yes we should either subsidise the essential services we value and pay for them through progressive taxation or not privatise businesses that then extrac...
  • Judy Abel
    @Peter I agree the media sets the tone in a lot of cases! Look at the disproprtionate number of times Farage appeared on Question Time. Our media is right leani...
  • Hywel
    "La Poste in France delivers six days a week and a normal stamp for a letter delivered within three days costs £1.30." GIven that second class post in the U...