The last time the UK government convened a Pensions Commission it resulted in the equalisation of the State Pension Age between men and women, the launch of auto-enrolment plus the creation of the National Employment Savings Trust – better known as NEST.
So will the recently re-constituted Pensions Commission prove to be as consequential as the last?
To answer that question, we invited Barnett Waddingham’s self-invested pensions specialist, James Jones-Tinsley, to join host Richard Allum, to share his thoughts on the scope of the Commission and what it could mean for paraplanners and clients.
In 20 minutes, James explains why it has been necessary to revive the Pensions Commission and what problem it has been asked to address.
As well as considering the big trends driving reform – such as demographic pressures – the conversation covers:
- small pots consolidation
- pension dashboards
- minimum contributions
- solutions to inequalities in retirement outcomes for lower earners, women, carers, and the self-employed
Plus James and Richard discuss how advice professionals can influence the Commission’s work through upcoming consultations.
All in all, this episode is a fantastic backgrounder for paraplanners who want to stay ahead of changes in pensions and pension policy.
