Having enough money to live on in retirement should be something that everyone desires, yet in the UK we simply do not save enough to even get close. With the proportion of the population over 65 likely to reach nearly a quarter by 2050, such undersaving is a timebomb for the public finances. In most cases, the Government's auto-enrolment scheme falls short of helping people to save enough to meet the recommended retirement income of around £16,000.
This event will provide an opportunity to consider questions including:
Contributions need to rise but is this possible when people can opt out?
How can we reduce the burden on the State - do we need to make pension contributions compulsory like national insurance?
In addition to saving more how can we improve returns from pension saving?
Are current default funds good enough or do we need more focus on asset allocation and liability driven investment?
Are annuities still the right answer to pension income generation or should we allow more flexibility?
Finally, is the structure of our private pension industry good enough or do we need to consider changes such as the Super Trust advocated by the NAPF?
SPEAKERS
Lord Turner of Ecchinswell
Former Chair, Pensions Committee
Mark Hoban MP
Former Financial Secretary to The Treasury
James Barty
Senior Consultant - Financial Policy, Policy Exchange
Alan Brown
Senior Advisor, Schroders
Helen Morrissey
Deputy Editor, Professional Pensions
Ed Conway (Chair)
Economics Editor, Sky News
