View more on these topics

U Party fields candidates for pension reform

The U Party, the special interest party campaigning for pension reform, has announced its second Parliamentary candidate.

Ben Shaw will be standing for the U Party in the Westminster North constituency, joining party leader and Pinsent Masons head of strategic development for pensions Robin Ellison, who is standing in Hampstead and Kilburn.

The U Party says it wants to bring an end to ineffective, short-term fixes of successive Governments.

Shaw, who is also development director at the Occupational Pensions Trust, says: “The current retirement age is in the mid to high 60s, yet longevity is increasing – one in four people in their 30s is expected to live until 100. You do the maths and wonder how people who are not putting away any money at the moment are going to survive in their 30-years plus of retirement.

“Successive Governments have failed the public by making the state pension system excessively complex and overburdening the private system with regulation and constraints as well as introducing policies which have undermined public confidence in pensions as retirement savings vehicles.”

The U Party’s manifesto calls for the simplification of the four state pension systems into one, the dismantling of the regulatory framework for occupational pensions and a fiscally neutral tax framework.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com