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Ministers set out on pension roadshows

Work and Pensions Secretary Andrew Smith and pensions minister Ian McCartney will be travelling the country as part of the biggest consultation on pensions.

The Department of Work and Pensions will be canvassing people about their views on the Pensions Green Paper in a series of roadshow events running until March 28.

The roadshows are being co-hosted by CIS and Help the Aged. They began last week with an event at Templeton College, Oxford, attended by Smith. The college will host two more events, after which it will publish an independent report.

Smith says while he is keen to get the views of the pension industry, unions and employers, he wants to hear from academics and the public on the best choices for future strategy.

Events will be run in locations across England, Northern Ireland, Wales and Scotland. An online forum will be set up to give people the opportunity to question ministers live on the internet.

The meetings will cover key themes of the Green Paper, including the role of the employer, extending working lives, pension provision for the self-employed, member protection simplification and regulatory reform, a new regulatory approach and promoting saving.

There will also be technical events to look at issues such as a replacement for the minimum funding requirement, contracting out, trustees and vesting.

McCartney says: “I am really looking forward to getting out and about and debating these issues with people from all walks of life. It is time for members of the public to have a say on the future.”

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