Pensions - Articles - Comment as Andy Burnham is appointed Prime Minister

At a time of economic uncertainty, people need a system they can understand and trust. Stability in pensions policy, tax rules and long-term commitments is essential for savers, employers and schemes to plan confidently.  

 

Stability in pensions policy and tax rules, giving savers and employers confidence to plan without fear of sudden changes. 

Simplicity across the lifetime savings system, reducing fragmentation between short and long-term saving and ensuring people can make informed decisions. 

A saver-centred approach that recognises real-world pressures - including rising numbers of renters in retirement, housing costs and the need for liquid savings alongside pensions - and supports long-term participation 

 

Gareth Tancred, CEO of the PMI, said: "The UK faces decades of under-saving, growing housing challenges and increasing complexity in the savings landscape. A clear, coherent framework is needed to help people build resilience and secure better outcomes.  

 

"The PMI is making strong progress towards improving standards of trusteeship and administration through education and collaboration while also creating the environment to allow our next generation of pension leaders to strive. We stand ready to work with the new government to deliver a simpler, more stable and saver-focused lifetime savings system for the decades ahead."