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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  • User AvatarPeter Martin 1st Jun - 5:08pm
    “ 'nationalisation without compensation' is justified as all firms are built with our social capital." Yes OK. That's what the SWP think too. Good luck...
  • User AvatarChris Cory 1st Jun - 5:00pm
    Good stuff, in fact I would support every word of the final paragraph. But like Lorenzo, I am a little unsure of the call to...
  • User AvatarPeter 1st Jun - 4:54pm
    This article proposes massive and high risk upheaval that nobody wants to pay for UBI that nobody wants.
  • User AvatarBarry Lofty 1st Jun - 4:52pm
    David: Thanks for another thought provoking post, with regard to where the Lib Dems stand and what the future direction of the party should be...
  • User AvatarSimon McGrath 1st Jun - 4:46pm
    I am really excited by this : "a robot tax on firms that eliminate jobs by AI/automation" But can we have a bit of clarification....
  • User AvatarPeter Martin 1st Jun - 4:46pm
    @ Christian, There are 96 NHS hospitals, plus quite a number of private ones too, in London so what about the other 85? The reduced...