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Eversheds comment: Essential next UK government seeks new consensus around long term pensions system strategy

  • United Kingdom

    10-03-2015

    Commenting on the Work and Pensions Select Committee's recommendations, Francois Barker, Head of Pensions at law firm Eversheds, says:

    "I totally support the Select Committee's calls for a new independent pensions commission. The Turner Commission worked extremely hard to build a consensus which has lasted for almost a decade. But that consensus is now unravelling and it needs to be rebuilt. The past year has seen a shift back to short term pensions policy making – and an apparent difference of view within Government over whether pensions savings are about a long-term retirement income, or a short-term capital gain. It is essential that the next Government seeks to establish a new consensus around a long-term strategy for the UK pensions system – both within Government and externally. I believe that a new independent Commission, which seeks to take the politics out of pensions, will be the best way to achieve this."

    Francois Barker, Product Group Head

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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