Neil MacGillivray: Averting 'the financial equivalent of climate change'

No sign of a long-term strategy

clock • 4 min read

The scary thing about all the election manifestos, says Neil MacGillivray, is every party seems to be burying its head in the sand and ignoring the fact a cataclysmic pension landslide is descending upon us

It was surprising how little consideration any of the main political parties' manifestos have given to saving for retirement. The Lib Dems raised the issue of a flat rate of tax relief on pension contributions. Labour wants to keep the status quo on the triple lock on state pensions and review the state pension age. Last but no least, the Conservatives want to make auto-enrolment available to the self-employed, remove the 2.5% floor on the state pension triple lock and give further consideration to changes to the state pension age to reflect increases in longevity. Mind you, by the time ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Retirement

The conversation that has to change with the 100-year life

The conversation that has to change with the 100-year life

'Advisers need to continue to challenge the cliff-edge narrative directly with clients'

Graeme Bowden
clock 24 September 2026 • 4 min read
Client confidence boost from advice review in retirement fades after six months

Client confidence boost from advice review in retirement fades after six months

Widespread uncertainty about how much can be sustainably spent in retirement

Laura Miller
clock 16 September 2026 • 3 min read
Defensive income before retirement: A four layered framework

Defensive income before retirement: A four layered framework

Entering decumulation can be an unsettling time for clients

Joe Simpson
clock 10 August 2026 • 4 min read