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: Peter Smith

Secretariat: Marita Holland

Chair: Natanje Holt (Dunstan Thomas Holdings)

Deputy Chair: Rob Reid (Raymond James) 

Mike Morrison (AJ Bell)
Malcolm Small (Altus Ltd)
Lucy Bristow/Samina Kauser (Ascentric)
Edmund Downes (Aviva)
Stephen Owen/Matt Pratt/Joanne King (AXA Wealth)
TBC (BlackRock)
Ben Faulkner (Bravura Solutions)
Paul Nelson/Charles Gillespie (Close Brothers Group)
Clive Wragg/Tim James (Cofunds)
Francis Moore (European Pensions Management Ltd)
Richard Parkin (FIL Administration Ltd)
Kenn Taylor (Grant Thornton LLP)
Tom McPhail/Danny Cox (Hargreaves Lansdown)
Chris Selden (IFDS)
Adrian Boulding (L & G plc)
Tony Gillet (Morningstar)
Wilson Leech/Mark Austin (Northern Trust)
Jon Gwinnett (Nucleus)
Sarah Phillips (Pershing)
Peter Cottingham/Tom Wailoo (Prudential)
Jacquie Burberry (Rathbone Bros Plc)
Adrian Walker (Skandia)
Jamie Jenkins (Standard Life)
Mark Peters (Zurich)