Today’s workers, tomorrow’s retirement problem

 

Here at LDV Towers we’ve received an invitation to an event organised by the Resolution Foundation on Wednesday 11th February, when Steve Webb will be speaking. Most of us are unable to attend, so we are passing the invitation on to you, our dear readers.

It reads:

Today’s workers, tomorrow’s retirement problem:
A new agenda for pensions and assets

A speech by Pensions Minister Steve Webb MP

9.30 – 11am Wednesday 11 February at the Resolution Foundation offices in Green Park

Chaired by Becky Barrow, Money Editor at The Sunday Times

The proportion of people saving into a workplace pension is rising again after decades of decline. But too few people are saving enough for an adequate retirement income.

How can people be persuaded to save not spend when wages are already stretched? Are there cheaper, fairer alternatives to the £35bn spent on pension tax relief?

At an event at its central London headquarters, Steve Webb will explain his future reform agenda on pensions, as well as savings and debt, followed by an expert panel discussion. Further speakers will be confirmed shortly.

9.30 – 11am (tea and coffee from 9am)
25 Sackville Street, London W1S 3AX

Places are free but you do need to register here.

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5 Comments

  • Eddie Sammon 2nd Feb '15 - 10:00am

    It sounds like Steve wants higher rate taxpayers to pay income tax on their pension contributions and then income tax again when they take them out, therefore ending the point of pensions for higher rate taxpayers.

    I’ve never had confidence in Steve Webb and I am glad there is a small and hopefully growing body of people on here who complain about his work too.

  • Tsar Nicolas 2nd Feb '15 - 10:20am

    Eddie Sammon

    Higher rate taxpayers can always take a lower paying job.

  • Graham Martin-Royle 2nd Feb '15 - 10:55am

    There is a major problem with the state pension and nobody, so far, is really taking any steps to counter it. Todays workers, as the headline puts it, are tomorrows pensioners. Todays state pensions are paid by todays workers and nothing is being provided for tomorrows state pension. That must be sorted out and not shunted down the road by just upping the state retirement age, otherwise there will be no state pension at all in the future.

  • Is this the time to mention our pensioners triple-lock policy?
    If it wasn’t for the Greens’ £280 billion citizen’s income plan, it would be the most unaffordable policy put forward by any party at the election.

    We’re the only party pledging that pensions will go up by MIN(2.5%, inflation, wage increase) across the next parliament. Total cost in region of £24bn together with all other pensioner welfare increases. Not just unaffordable but daft as a brush; pensioners have been excluded from much of the age of austerity, they have perks the rest of us can only dream of, and if it was true that they’d worked hard all their lives and deserve it, then bluntly the country wouldn’t have the deficit it does.

    And yet there’s no serious challenge within our party to this policy? Odd, to say the least.

  • Sorry, I got a detail wrong above, the triple lock policy is MAX(2.5%,inflation, wage increase) not MIN.

    Details here for more reading: http://citywire.co.uk/money/qanda-what-is-the-state-pension-triple-lock-guarantee/a686253

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