Nucleus Financial Platforms, has called for greater political consensus around pensions and long-term savings policy, renewing its call for an independent commission in an open letter to the new Pensions Minister, Torsten Bell and other decision makers across the political spectrum.   

The letter, written by Andrew Tully, Technical Services Director at Nucleus, marks Nucleus’s third call for a non-departmental government commission, prompted by a lack of progress in the public’s confidence in securing a comfortable retirement and growing uncertainty surrounding the pensions system.   

Andrew Tully, Technical Services Director at Nucleus and author of the letter, said:

It’s never been clearer that the UK public needs to start planning and saving for later life much, much earlier. But they need support from a pensions system that is consistent, stable and encourages long-term saving. Automatic enrolment was a recommendation by a Pensions Commission reporting in 2004 and 2005, which has been a great step forward in encouraging more people to save for their retirement.  

However more needs to be done and we firmly believe that establishing an independent savings commission could again make balanced recommendations to encourage long-term savings, while promoting greater consistency in pension and savings rules 

The government clearly has a focus on boosting economic growth and is looking at the role pension savings can play in this.  We firmly believe that their growth agenda will have more chance of succeeding if people feel confident to save and invest for their future.

Press release and copy of the letter: Nucleus urges greater political consensus around pensions and long-term savings policy

Enquiries: 

Head of Public Relations
Linda Harper (Monday - Wednesday)
T: 07876 145309 

Victoria Webb (Wednesday- Friday)
T: 07969 113758      
E: newsroom@nucleusfinancial.com