A generous basic state pension is the least a civilized society should offer those who have worked hard and saved through their whole lives.
Well British pension funds have not been investing the savings of British people in British infrastructure.
Let's also teach people about pensions and savings, insurance and the like. But if they aren't already familiar with numbers that won't be as effective as it might be.
You need to have a state pension that doesn't drag more and more people into means-testing each year and make it very difficult for people on low to medium term incomes to save and not see their savings clawed away.
We support the auto-enrolment but we have our doubts about the way the National Pension Scheme is going to be structured.
We have management questions. On increasing the basic state pension in line with earnings, because we have made a clear promise and said that the increase in the pension age has to be brought forward, that is an affordable and deliverable commitment from the Conservative Party.
When you look at the things people are really fed up with, like the collapse of the pension system, like the failure to get money to the frontline of the health service, Gordon Brown is more responsible for that than any other politician including Tony Blair
You also want to look at how the tax system encourages and rewards pension saving. I have set as an ambition reversing the effects of Gordon Brown's tax raid which heralded the beginning of the age of responsibility. We are looking at some very specific tax measures on how we can encourage saving.
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