Tory plans for pensions (with impressive opinions for boss/pub/partner)


impress boss/mates/partner with this DIY assemblage

Replace the current State Pension ‘Triple Lock’ with a new ‘Double Lock’ by 2020 – ensuring rises are in line with earnings or inflation. The ‘Triple Lock’ will be maintained until then.

Frankly , most people didn’t expect triple-lock to survive to 2020; we’re all sorry to see it go as it helped poor people most. Not a vote-winner and shows how strong May feels about her chances (or that she’s an honest politician?)

Continue to support the successful expansion of auto-enrolment to smaller employers and make it available to the self-employed.

Great – making auto-enrolment available to the self-employed begs some important questions, not least about how the national insurance system works. There is no way to put the genuinely self-employed on payroll – another collection system needs to be found. Step forward DWP?

Give The Pensions Regulator (TPR) increased powers to scrutinise and fine arrangements that threaten the solvency of company pension schemes.

Frank Field firing up Theresa (as he has with the self-employed and auto-enrolment). Intervention may be needed – it is good to see tPR being recognised as potential policemen; under Lesley Titcomb tPR could be a force to be reckoned with.

Consider a new criminal offence for company directors who recklessly put at risk the ability of a pension scheme to meet its obligations.

Wrong priority, the priority is to put the likes of Steven Ward and the serial pension scammers behind bars. The manifesto is silent on increasing enforcement against them.

Introduction of means testing for Winter Fuel Payments for pensioners.

The right policy, tricky and expensive to set the means-test but it’s got to be done – despite the howls.

Warning**** Warning****Warning****Warning*****

Cut out and keep in top-pocket; use in executive briefings or to make yourself sound authoritative down the pub.

Don’t expose to too much scrutiny – most of this is half-baked at the moment!

half baked

please no jokes about what this reminds you of

About henry tapper

Founder of the Pension PlayPen,, partner of Stella, father of Olly . I am the Pension Plowman
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2 Responses to Tory plans for pensions (with impressive opinions for boss/pub/partner)

  1. Gerry Flynn says:

    Is the cost of “means testing” the WFA going to outstrip the alleged savings?

  2. henry tapper says:

    Good question – I very much doubt any of this has been costed yet! That’s snap elections for you!

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