There has been a lot of momentum in the industry during 2019 and while this year may be nearing its end, we are challenging the next government to be bold in its 2020 decision making by ensuring that pensions are at the forefront of future policy making.

But we don’t expect them to make those changes on their own.

As the voice of the pensions industry, the PLSA has launched its own policy manifesto that looks to focus government attention to key areas to help everyone reach a better income in retirement.

With more people saving into workplace pensions and greater freedom over how to use savings once retired, many savers simply don’t know how much they will need to put aside.

Add to that, that many defined benefit schemes and their employers face funding challenges, it paints a rather uncertain picture and one we urge the next government to help smooth out to ensure millions of savers have enough out aside for later life.

To start, we’ve broken it down to four main areas to focus on as part of our own policy manifesto.

These are making sure there are adequate contributions being made, building effective engagement between schemes and savers, ensuring schemes are well run and facilitating new large-scale schemes to protect savers and help employers.

With the retirements of millions of people hanging in the balance, the next government cannot allow pensions to become a back-burner issue.

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