The Labour party will not scrap the tax relief on pensions for people who earn less than £150,000 a year, secretary of state for work and pensions Yvette Cooper says.
Answering a question from a delegate at the National Association of Pension Funds annual conference, she confirmed there were no plans to alter the current system.
She said: "The tax relief is an incentive for people to save for old age. But I think the fairer way to do it is not to give too much relief to people who can afford to save anyway and in other forms."
Cooper also said the argument that the decision to scrap tax relief for those earning more than £150,000 - announced the last budget - would lead to scheme closures was "implausible".
During her speech Cooper insisted very much on a need for pension consensus.
She said: "Pension reforms take a long time so it is fundamental there is political consensus on them.
"A pension commission, which is something that has been often talked about, would pull together this consensus, but, politics could be eliminated from this process. These decisions need to be made by bodies which are democratically accountable."
She also touched on public sector pensions.
"Public servants pensions are on average £6000 to £7000 a year. If we win the next election, we will need to support those pensions. And we will need to look at each of these schemes in the public sector and make sure they are sustainable," she said.
Cooper also confirmed the government planned to review default retirement age. She said: "We need to support flexibility for employers to deal with their ageing workforce. We want to make a decision on default retirement age next year."
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