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What are Labour going to do about pensions?

 

If there is a Labour Pensions Agenda for the next Government ,  I haven’t seen it yet .

But I have seen the TUC’s agenda for the Trade Union Pension Conference today and it doesn’t look like this.

It looks like this

Agenda

09:50 – Opening remarks

10:00 – Keynote 

10:30 – Panel discussion: Auto-enrolment – the next steps

11:25 – Coffee break

11:45 – Panel discussion: The role of the state pension in a strategy for ageing

12:45 – Lunch

13:45 – Workshops

  1. Communications masterclass 
  1. Pass-through voting in pooled funds
  1. The case for re-opening DB schemes

14:35 – Workshops

  1. How to avoid the Pensions Ombudsman 
  1. The S in ESG investing 
  1. Applying TPR’s Single General Code

15:25 – coffee

15:45 – Keynote: Transforming the UK’s infrastructure

16:15 – Panel discussion – The role of pension schemes in funding infrastructure

17:00 – Conference ends

From which you can see that there is plenty of opportunity to see the world through a Labour lens and speculate what our pensions might look like under a new administration.


Why am I going?

Having had the pleasure of listening to Gill Furniss, the Shadow Pensions Minister yesterday, I want to hear from the Shadow SOS for Work and Pensions , Liz Kendall. I’m keen on understanding how my day to day work on pensions can be adapted to a new paradigm (did I really say “paradigm”?).

I’m also keen to meet up with the union officials who know about pensions, there are a few of them who contribute to this blog and some of them I only “know” digitally. Unions are more important to members than is often thought.

Yesterday afternoon, as I got stuck on the railway going home, I had half an hour plotting with William McGrath on how we can organise members to claim their right to the surpluses that we are all consulting on. If a pair of old farts like William and I can dream, then so can younger DB members and so can those who are in DC schemes sponsored by employers with DB surpluses to their name.


Tribute to Hilary Salt

Finally, I’m going out of respect to Hilary, who is bowing out at First Actuarial this year. She was the reason I joined First Actuarial and though I’m not there now, I still think them the firm with the greatest integrity of all the pension consultancies. That integrity starts with Hilary.

Hilary Salt

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