We will reinvigorate retirement says Steve Webb (Newham Borough Liberal Democrats)

Newham Borough Liberal Democrats <info@libdems.org.uk>

We will reinvigorate retirement says Steve Webb

June 24, 2010 12:24 PM
Originally published by UK Liberal Democrats

Liberal Democrat Pensions Minister Steve Webb signalled his intention to restore the earnings link and incentivise pensions saving. Today he outlined the bold steps the government plans to take to fundamentally reform and repair Britain's outdated and inadequate pension system. Steve Webb said:

"I've worked all my life to get a fairer deal for pensioners. Up to ten million people are not saving enough and we cannot allow this situation to continue.

"Our plans to reinvigorate pension saving will be underpinned by automatic enrolment into workplace pensions from 2012. But we need to make sure we get the details right, which is why we're announcing a thorough and speedy review, to make sure that it pays to save."