Sweeping pensions and savings under the election carpet

The firm says it intends to host an event prior to the election under the banner ‘The UK Savings & Debt Debate’ and is inviting a representative from each political party to pit their proposals against political rivals. Interactive Investor says Labour’s tenure in power has seen the UK savings ratio plummet, along with the development of a pensions crisis, which could potentially lead to future generations facing worse retirement scenarios than current retirees. While Government is not entirely to blame, says Interactive Investor, actions including taking £5bn a year out of UK pension ...