PARLIAMENTARY DEBATE
Pension Investments - 9 January 2017 (Commons/Commons Chamber)
Debate Detail
Pension Wise provides guidance to people aged 50 and over with a defined contribution pension pot on their options under the pension flexibilities. We are consulting on a single financial guidance body to provide debt advice and guidance on money and pensions.
The leaflet entitled “Ways to save in 2017” recently published by the Treasury mentioned the junior ISA, the help to buy ISA, premium bonds, cash and stocks and shares ISAs and the new lifetime ISA, but it completely omitted to mention pensions. That is an absolute disgrace, and it confirms my fears that the Government have downgraded the role of pensions and are using the gimmick of ISAs to distract attention from pensionable savings. Does the Minister agree that pensionable saving is the best form of saving for retirement? Will he establish a pensions and savings commission to ensure that dignity in retirement is promoted and protected?
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