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Sun, 23 June 2024

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Trust and confidence in pensions can be improved

Investment Association

1 min read Partner content

Responding to former shadow pensions minister Rachel Reeves MP’s call for pensioners to be automatically enrolled to receive guidance on their savings, Jonathan Lipkin, Director of Public Policy at the Investment Association, said:


"It is incredibly important to consider how to build the right support structures for savers facing often difficult decisions into and during retirement. Automatic enrolment into workplace pensions has worked well by reversing the initiative and creating a clear path.  It is certainly worth considering whether a similar mechanism could be used to ensure savers consider carefully options and associated risks in later life.

"There is also much that the pensions and investment industry can do – and is already doing - better to support savers, including clearer language and improved transparency.  Putting all of this together could significantly improve overall levels of trust and confidence."

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The Engineering a Better World podcast series from The House magazine and the IET is back for series two! New host Jonn Elledge discusses with parliamentarians and industry experts how technology and engineering can provide policy solutions to our changing world.

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Connecting Communities is an initiative aimed at empowering and strengthening community ties across the UK. Launched in partnership with The National Lottery, it aims to promote dialogue and support Parliamentarians working to nurture a more connected society.

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