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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Recent Comments

  • User AvatarDavid Raw 15th Nov - 11:41am
    I suppose it's a bit of an advance for Jane Dodds (and I give her credit) for admitting that the Welfare Reform Act of 2012...
  • User AvatarJohn B 15th Nov - 8:11am
    Thanks for your comment, Jonathan. You may have been tongue in cheek, but many on LDV seem to have a naïve view about working with...
  • User AvatarJonathan Maltz 15th Nov - 12:48am
    John B: my comment was tongue-in-cheek. All Labour can offer given their well-known intransigence is to guarantee that the Tories will be the largest party...
  • User AvatarDavid Allen 14th Nov - 11:42pm
    Jo Swinson says that the party "must give voters a genuine remain option" in the election. Quite right. The problem is that the party is...
  • User Avatarcrewegwyn 14th Nov - 11:30pm
    Thanks Mark.
  • User AvatarGaryE 14th Nov - 11:04pm
    David makes a valid point for seats with few resources and low membership. If central funds can pay deposits then £500 pays for 15,000 A4...