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Consumers urged to join pensions debate

An opportunity has arisen for us to shape pensions

Which? is calling on all consumers to take an active part in shaping the future of Britain’s pension system.

Last November the Pensions Commission called for an overhaul of the UK pensions system and recommended a National Pension Saving Scheme (NPSS) to sit alongside the current state pension.

The government is encouraging consumers to have their say online on the future of the pension system and help to shape government reform.

By logging onto the National Pensions Debate website people can join in the debate and give their views on the raising of the state pension age and auto enrolment into a National Pension Savings Scheme.

Which? is urging consumers to take part. Principal Policy Adviser, Mick McAteer said: ‘Retirement may seem like a long way away for some but it is important we think about it now. Pension choices are important to everyone and we are urging individual consumers to take part and shape the future of pensions for the long term.

Important choices

‘Which? fully supports an independently-run NPSS with management charges set at a target of 0.3 per cent. We believe strong governance is essential to achieve consumer trust and confidence.’

The National Pension debate website also features video clips of the Pensions Commission Chair, Adair Turner, setting out the Commission’s proposals.

Members of the public are also taking part in a series of consultation events across the country, as part of the National Pensions Debate.

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