Key speakers have gathered today to air their views on pensions at a conference, Pensions in Crisis...
Key speakers have gathered today to air their views on pensions at a conference, Pensions in Crisis Restoring Confidence, which is hosted by City Forum at the National Liberal Club.
Kicking off the conference was Steve Webb, a Liberal Democrats' spokesman for Work & Pensions who has called for compulsory contribution at the £10,000 earnings level with better state provision for the lifetime poor.
Webb has also called for more attention in pensions reviews to be placed on women's pensions and poverty. Lower earnings for women generate less pensions provisions which leads to less money allocated all round. Webb says this issue needs to be addressed more adequately.
The second speaker was Carl Emmerson, programme director of the Institute of Fiscal Studies. Emmerson said that even if pensions simplification goes through there is no guarantee that people will save more.
An independent banking consultant, Robert McDowell, has pointed out that the Government could afford to pay twice the level of pensions without harming the economy.
More news from the conference will be posted as it arrives
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