Scottish Widows calls for lifetime savings commission to agree pension consensus

Commission should have mandate to consider range of interdependent savings needs

Jonathan Stapleton
clock • 1 min read
Pete Glancy: Building consensus on a way forward across political parties, employer bodies, consumer groups, and other important stakeholders, is vital
Image:

Pete Glancy: Building consensus on a way forward across political parties, employer bodies, consumer groups, and other important stakeholders, is vital

A new lifetime savings commission should be established to help reach a consensus on the complex pensions needs facing millions across the UK, Scottish Widows says.

The pension provider's head of policy Pete Glancy said that, while pensions play a central role in financial planning for later life, average pension savings levels are currently too low to provide...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

UK inflation falls to 3.4% in May but upside pressures persist

UK inflation falls to 3.4% in May but upside pressures persist

CPI stood at 3.4% in May, down 0.1 percentage points from April’s figures

Sorin Dojan
clock 18 June 2025 • 2 min read
Average pension transfer took just 11 days at tax year end, Origo finds

Average pension transfer took just 11 days at tax year end, Origo finds

Origo says transfer times decreased around tax year end with half taking seven days or less

Jasmine Urquhart
clock 17 June 2025 • 1 min read
TPR sets out how its industry innovation service has 'already started delivering'

TPR sets out how its industry innovation service has 'already started delivering'

Service has allowed watchdog to help industry build solutions with savers ‘at the heart’

Holly Roach
clock 17 June 2025 • 2 min read
Trustpilot