Stimulating long-term savings

It is not surprising with the national debt at around £156bn the new coalition Government has focused on deficit reduction ahead of encouraging further long-term savings in its first few weeks in office.

With next week’s ‘emergency’ Budget looming on the 22 June, the Government may also choose to continue the focus on cutbacks but it will be an opportunity missed if it does not at least start the debate on reform of the existing pensions system, which in itself is the basis for much of the long term we face as a nation through public sector schemes. The Government has been given a helping hand in where the potential policy reforms may be for pensions and investment with the publication of the report from the Centre for Policy Studies titled Simplification is the Key: Stimulating and Unlo...