Downing Street Says » Pensions and average earnings

» Thursday, October 16, 2014

Pensions and average earnings

When asked about pensions and average earnings, the Prime Minister?s Official Spokesperson (PMOS) highlighted the ?triple lock? on pensions of at least 2.5% – a point the Prime Minister regarded as very important in terms of ensuring that people have the support they deserve in retirement. With regard to average earnings, the PMOS said the way to ensure families had sustainable increases in living standards was by having sustainable growth.

When asked about the possibility of pension companies charging customers for withdrawing money from their pensions, the PMOS pointed to 2 government measures. Firstly, to the provision of free impartial advice to people when they plan for their retirement. Secondly, to the fact that greater consumer choice, supplemented by that advice, would lead the financial services industry to respond to consumer demand and offer better products and services.

No Comments »

No comments yet.

RSS feed for comments on this post.

Post a public comment

Name (required)
E-mail (required)
(You must give an email address, but it will not be displayed to the public.)
Website
(You may give your website, and it will be displayed to the public.)

Comments:

This is not a way of contacting the Prime Minister. If you would like to contact the Prime Minister, go to the 10 Downing Street official site.

Privacy note: Shortly after posting, your name and comment will be displayed on the site. This means that people searching for your name on the Internet will be able to find and read your comment.

Original PMOS briefings are © Crown Copyright. Crown Copyright material is reproduced with the permission of the Controller of HMSO and the Queen's Printer for Scotland. Click-use licence number C02W0004089. Material is reproduced from the original 10 Downing Street source, but may not be the most up-to-date version of the briefings, which might be revised at the original source. Users should check with the original source in case of revisions. Comments are © Copyright contributors. Everything else is © Copyright Downing Street Says.