Pensions fit for the 21st century? Reforming the saving habit and increasing contributions
Wednesday 11 September, 6.30pm
Council Room, One Great George Street, Westminster, SW1P 3AA
John Hutton Peer and former work and pensions secretary
Gregg McClymont MP Shadow pensions minister
Dame Anne Begg MP Chair, work and pensions select committee
Huw Evans Operations director, ABI
Jeff Prestridge Personal finance editor at the Mail on Sunday
Chair: Dr Debbie Harrison fellow, Pensions Institute at Cass Business School
Refreshments will be served.
As Britain gets older, long-term saving is more important than ever, but half of the working population is still not making adequate provision for their retirement. To make matters worse a -financial crisis, a predicted decade of austerity, low interest rates and depressed equity markets have meant that the task of encouraging people to save more and lock their money away has become even more difficult.
As individuals and governments pay down significant levels of debt, how will the huge uncertainty surrounding long-term welfare, a pensions industry still struggling with the legacy of past mis-selling scandals, and the collapse of many defined benefit schemes affect long-term saving? Indeed, ultimately, how do we encourage more people to save enough for a decent living standard in retirement?
The ABI speaks on behalf of over 300 UK insurers, representing over 90 per cent of the UK insurance market, and promotes best practice, transparency and high standards within the industry.
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