Bee's 'ProperPensions' petition dismissed

clock

Scottish Life pensions guru Steve Bee has described the government's response to a petition calling for a reassessment of personal accounts as "disappointing".

Bee, pensions strategy director at Scottish Life, started a petition called ‘ProperPensions’ on the Prime Minister’s website in February. It asked the government to either guarantee £1 saved would make people £1 better off or to scrap personal accounts. The petition received 2,398 signatures at the time of its closure on the 20 April, but the government’s response stated: “if we want to continue to protect pensioners against extreme poverty within an affordable pension system, some means-testing will continue to be necessary”. It argues the means-testing element of the state pension sys...

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 Investment

Tyndall Partnerships head Sullivan on bespoke empowerment

Tyndall Partnerships head Sullivan on bespoke empowerment

‘No two IFAs invest in the same suite of models’

Isabel Baxter
clock 09 December 2024 • 4 min read
Smoothed funds set to be a 'bigger asset class for the advice market'

Smoothed funds set to be a 'bigger asset class for the advice market'

‘An attractive low-risk solution for retirees’

Isabel Baxter
clock 25 November 2024 • 3 min read
Advisers no longer see inflation as a major concern

Advisers no longer see inflation as a major concern

Funds offering a level of inflation protection were the last research, Square Mile finds

Isabel Baxter
clock 22 October 2024 • 4 min read