TISA - Tax Incentivised Savings Association - Council

Retirement Policy Council

Retirement Policy Council

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: Jeffrey Mushens

Secretariat: Marita Margerum

Chair: Kenn Taylor (Grant Thornton LLP)

Deputy Chair: Ted Hart (L & G plc)

Mark Pearson (Aegon)
Brian Davidson (Alliance Trust)
Samina Kauser (Ascentric)
Robert Yuille (ABI)
Joanne King (AXA Wealth)
Denise Gravatt (Dunstan Thomas)
Francis Moore (EPML)
Malcolm Small (IOD)
Simon Jenvey (IFDS)
Chris Pitt (Iress)
Mark Pemberthy (JLT Group)
Ben Stafford (Just Retirement)
Claire Evans (L & G plc)
Nick Flynn (LEBC Group)
Andrew Tully (MGM Advantage)
Jackie Oatway (Money Advice Service)
Jon Gwinnett (Nucleus)
Tom Barton (Pinsent Masons)
Robert Reid (Raymond James)
Angie Kirkwood (Scottish Widows)
Jamie Jenkins (Standard Life)