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Employee relationsLatest NewsTrade unionsPay & benefitsPensions

Pensions coalition calls for radical overhaul of system

by Michael Millar 20 Jun 2005
by Michael Millar 20 Jun 2005

Pensions coalition calls for radical overhaul of system


A new coalition which claims to speak ‘on behalf of millions of UK citizens’ is calling for a radical overhaul of the pensions system.


The four organisations that make up the People’s Pensions Coalition – Which?, Help the Aged, Age Concern and the TUC – claim that the UK is stoking up a pensions crisis, with governments of all parties and employers failing to deal with the problems.


The coalition is calling for:




  • retirement ages to no longer be set by the state or employers. Employees should have more choice about when and how they retire


  • compulsion on employers and employees should contribute to a pension that will provide an additional pension on top of that provided by the state


  • a pensions system that is much fairer for women

TUC general secretary, Brendan Barber, said: “This is an unprecedented alliance for a radical new pensions settlement. Many in the pensions debate are vested interests.


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“Their lobbying is entirely legitimate, but this powerful coalition speaks for millions,” he said. “Ministers and the Turner Commission should take careful note.”


Michael Millar

Michael Millar

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