Freedom and choice in pensions
The government’s long-term economic plan is providing the foundations for the UK’s future economic security. A key part of this is to foster a new culture of saving. Saving must be flexible and attractive in order to encourage people to take greater responsibility for their financial future. And people need to have access to the best advice. Nowhere is this more important than in saving for a pension and planning for retirement.
When this Government took office the pensions system was not working. The State Pension was complex, opaque and did not give pensioners the guarantee they needed on the value of their entitlement. The State Pension age did not reflect the great changes to longevity we have seen over the generations. Too many individuals did not have a pension. Our policies are addressing all these failings.
Read the full paper in Gov UK
