UK - The Conservative party is setting up its own pensions and advisory group with the aim of producing an "alternative pensions policy".
New Conservative work and pensions spokesman Julian Brazier said that the group will act as an open forum for people wanting to put ideas to the party, including members of the public.
The group will advise work and pensions spokesman David Willetts and opposition leader Iain Duncan Smith on pensions issues.
Brazier said: “The group will range from those who want to come in occasionally and put in ideas, through to a couple of volunteers we have already, who want to come in on a regular basis and work on producing papers.”
He added: “There will be a cross-section of activities in helping us to build an alternative pensions policy.”
At least three or four individuals involved in pension funds have already expressed an interest in being involved, as well as several professional actuaries.
Brazier said he also wanted to see involvement from pensioner action groups.
In a speech at the party conference in Bournemouth in October, Willetts first revealed that the Tories would work with pensioners’ representatives and the government to build a consensus on reducing the burden of regulation on company pension schemes.
Willetts also wants to reform annuity rules, so that individuals can take out an annuity that is sufficient to keep them above means-tested benefits, while letting them make their own choice as to whether or not to take the remainder of their pension as a lump sum.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.