PFS renews calls for independent commission to avoid savings crisis

The PFS said the commission was needed to avoid an intergenerational savings crisis. It revisited the proposal ahead of the Queen's formal opening of parliament on 21 June, when the government sets out its priorities and legislative agenda for the session ahead. The PFS said the reality of facing a minority government for an indefinite period meant it would be very difficult for "tough but necessary" decisions to be made about issues like funding the state pension and long-term care. The stance on such issues would normally be clear from a decisive election result, followed by a se...