Commenting on the Liberal Democrat’s Manifesto, Helen Morrissey, pension specialist at Royal London, said:
“Looking through the Lib Dem manifesto it is good to see they are proposing an overhaul of bereavement benefits and that they are committed to maintaining the pensions triple lock. However, comparing this manifesto to the one issued in 2017 it is telling that their proposals to overhaul the pension tax relief system are no longer included. It also mentions the plight of the “1950s women” affected by the increase in state pension age and recommends they be compensated “in line with the parliamentary ombudsman’s recommendations.” This issue has been big news this year and has prompted all three major parties to pledge some kind of remedy. However, given how little real progress we have seen on this issue up until this point we have to ask whether we will see concrete proposals on this or whether it will continue to be kicked into the long grass.”
About Royal London:
Royal London is the largest mutual life insurance, pensions and investment company in the UK, with assets under management of £139 billion, 8.6 million policies in force and 4,348 employees. Figures quoted are as at 30 June 2020.