Friends Life : Deputy Prime Minister Nick Clegg and Minister for ...

Deputy Prime Minister Nick Clegg and Minister for Pensions Steve Webb visited the Friends Life Centre in Bristol, on a fact-finding tour concerning pensions and extended word savings.

During the call contain met by means of Friends Life pensions self-governing counting collection strategy director Nathan Moss, Martin Palmer, skull of business pensions ,advertising and Simon Butler, policy and proposition boss and busy in a round-table conversation concerning significance saving to a similar to audience crossways the UK. They too exhausted a number of occasion by means of talk to of Friends Lifes pensions name centre team, judgment out concerning the kind of construct existence form raised by pensions customers.

During the discuss Pensions Minister Steve Webb drew an interesting analogy by means of the forthcoming London Olympics, noting so as to a lot of populace can be classed as ˜bronze savers nowadays and the confront is to twist not any eager on ˜silver or ˜gold savers.

Steve Webb too commented so as to location a long-term savings objective of a pension pot by means of a monetary worth of £100,000 was too daunting for a lot of populace and so as to an option go,shift toward might be to demonstrate populace the age at construct completely pension pot counting buy not any a meaningful annuity. A confront counting be assist populace retire earlier.

Deputy Prime Minister Nick Clegg noted so as to enormous intergenerational construct opposite extended word savings be hypothetical to not be strong-minded by small word politics, and genuine a important communal issue wants to be de-politicised.

Martin Palmer, skull of business pensions ,advertising at Friends Life, said:
œThis was a huge chance for Friends Life to split our thoughts on the prospect of extended word savings by means of two older Government ministers. Were delighted so as to contain chose Friends Life to host completely call in the south west and so as to we now clever to discuss present challenges inside the industry.

Source : Friends Life Press Release

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