Turner hints at Swedish compulsion model in TUC speech

Speaking at the Trades Union Congress annual Conference in Brighton this morning, Turner highlighted problems with the Australian model of compulsory pensions, which John Lawson, marketing technical manger at Standard Life, says hints at Turner’s desire to introduce a compulsory pensions scheme similar to that in Sweden. “I think what Turner is aiming at is some for of compulsion base on the Swedish model. The rumours flying around the industry at the moment suggest he is going to propose an increase in employers National Insurance contributions of around 2 to 3% which would then be paid ...