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Ukip wants to end Govt ‘meddling’ in pensions

Ukip head of policy Tim Aker has called for an end to Government “meddling” with pensions policy as it creates ”turmoil” for those trying to save for retirement.

Speaking at the Ukip conference in London last week, Aker said he wants to simplify the system to ensure those with longer contribution records get a better deal from the state pension. 

He said: “Pensions is an area where it gets very complicated and we support simplification. One issue we have to bear in mind is that every time a Government starts meddling with the pensions system they are messing with people’s livelihoods.

“People don’t want the worry of turmoil hanging over them. Enough has been done to pensions already and I think Gordon Brown should be hounded out of this country for raiding pensions the way he did. The damage quantitative easing has done to pension funds is also huge.

“When we are out of the EU and our economy growing again we will be in a position to give those who have contributed all of the lives a state pension we would be proud of.”

Speaking to Money Marketing before he had the party whip removed by Ukip last week, MEP and former financial services spokesman Godfrey Bloom added: “Our policies will be fair and related to what people contribute. It is totally wrong that someone can work all their lives for 40 years, paying their insurance stamps, and end up with a smaller pension than someone who pays for 30 years or with some state help someone who has contributed absolutely nothing.

”It is important the social system is a safety and your pension should be a direct consequence of what you have contributed, which was the original idea and not a catch all where everyone gets a win.”

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