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Non-partisan policy urged for pensions

Labour MPs, the ABI and product providers are urging politicians to work together to sort out pensions, saying if they cannot, then responsibility for pension policy should be removed from the political system.

At a fringe meeting at Labour&#39s conference in Blackpool this week, ABI director general Mary Francis said pensions would be better served if they were not subject to short-term political thinking.

At another event, Labour MP and Treasury select committee chairman John McFall said there is a need for parties to get together and sort out policy.

He said his committee will hold a further pension inquiry after the Government&#39s Green Paper later this year.

Scottish Life head of pensions strategy Steve Bee added his voice to the debate, saying the policy framework needs to be taken out of the hands of politicians as future Governments cannot be trusted not to meddle with what they inherit.

Francis said: “There is a question as to whether it would be better for parties to get together to solve issues in a non-political way. It is important that decisions are not overturned by another Government.”

McFall said: “I think we need a relationship with all parties on this. We cannot just make it a party political issue. I am all for ensuring that we have a homogeneous approach on pensions.”


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