Ahead of the Pensions and Lifetime Savings Association conference in Liverpool, FN asks buyside chiefs: What should be the top priority for Richard Harrington, the government's new pensions minister?
David Blumer
Head of Europe, the Middle East and Africa, BlackRock
As individuals take on more responsibility for their pension provision, they constantly tell us they desire simplicity and certainty. Making the tax incentive system easily understood, via the concept of matching, will encourage more people to save to secure this additional "free" money. Including auto-escalation as part of auto-enrolment could help people reach realistic savings rates. Finally, providing a stable pensions system will help restore confidence with savers.