TISA - Tax Incentivised Savings Association - Council

Retirement Policy Council

Retirement Policy Council

Overview:
Saving for retirement is essential for everyone and the UK’s failure to plan effectively for retirement is a huge concern. Whilst the Government’s policies to promote pensions are welcome, incentives to save for retirement remain poor and inflexible, whilst the uncertainty in respect of the end value outcome provides little incentive. As such, policy developments relevant to pensions and long-term savings form the Retirement Council’s primary focus.

Specific areas of focus for the forthcoming year:
• Design/implementation of flat rate BSP
• Decumulation – reform? Consumer outcomes?
• Auto-enrolment

Policy Lines:

1. The State Pension Age should be rapidly increased to at least 70 years.
2. A Flat Rate State Pension should be introduced to ensure that it pays to save and that there is clarity for consumers about the amount they will receive from the State in retirement.
3. The current pension architecture is part of the problem and that a new framework should be sought.

TISA Lead: Peter Smith


Secretariat: Marita Margerum


Chair: Natanje Holt (Dunstan Thomas Holdings)


Deputy Chair: Rob Reid (Raymond James) 


Members:
Mike Morrison (AJ Bell)
Mark Pearson (Aegon)
Malcolm Small (Altus Ltd)
Lucy Bristow/Samina Kauser (Ascentric)
Edmund Downes (Aviva)
Ellice Reason/Matt Pratt/Joanne King (AXA Wealth)
Ben Faulkner (Bravura Solutions)
Paul Nelson/Charles Gillespie (Close Brothers Group)
Clive Wragg/Tim James (Cofunds)
David Cartwright (Defaqto)
Francis Moore (European Pensions Management Ltd)
John Graves (FIL Administration Ltd)
Paul Gilbody (Friends Life)
Kenn Taylor (Grant Thornton LLP)
Tom McPhail/Danny Cox (Hargreaves Lansdown)
Chris Selden/Simon Jenvey (IFDS)
Adrian Boulding (L & G plc)
Tony Gillet (Morningstar)
Mark Austin/Ray Bloom (Northern Trust)
Jon Gwinnett (Nucleus)
Adrian Walker (Old Mutual Wealth)
Sarah Phillips (Pershing)
Peter Cottingham/Tom Wailoo/Jonathan Sandell (Prudential)
Jacquie Burberry (Rathbone Bros Plc)
Jamie Jenkins (Standard Life)
John Porteous (Towry)
Mark Peters (Zurich)