A permanent Pensions Commission should be established to oversee the future of UK provision, according to the Trade Unions Congress (TUC).
The union umbrella body’s response to the Turner report strongly supports the proposed changes to the pensions system, but it continues to oppose an increased retirement age. It believes this would “have little impact on the retirement age of the better off”.
The TUC said a permanent independent pensions commission could avoid party political wrangling and rebuild trust in the system. It suggests that the body should produce a report every four years.
Brendan Barber, TUC general secretary, said: “A new pensions settlement needs bold politics, but it also needs a chance of future consensus. That is why we believe a permanent Pensions Commission should be set up to oversee future pensions.”