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B&CE sets out its manifesto for pension reform

B&CE Benefit Schemes has issued a pension manifesto calling on the main political parties to address the impending pension crisis.

Making Workplace Savings Work Better forms the basis of a campaign by the employee benefits provider to establish a pension partnership between the Government, individuals, employers, trade unions and the financial services industry.

Its key issues include extending automatic enrolment and encouraging joint contributions from employers and employees, incentives for lower to middle-income-earners to save, setting a single flat rate of tax relief at 30 per cent, introducing special corporate tax breaks and offering information and guidance.

Deputy chief executive John Jory says: “We feel it is right that pensions will be a top priority for all parties vying for votes in the general election. We aim to improve perceptions of pensions through reducing complexity and encouraging workplace saving. At the moment, there is quite a lot of talk about what we are going to do to address the impending pension crisis in this country. We believe now is the time for action.”

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