Monday, March 15, 2021

TUC Pension conference 2021: Day 1 Minister Guy Opperman MP & panel discussion on Just Transition


I joined the start of the virtual conference today.  It was interesting to hear pension minister, Guy Opperman MP speak positively about defined benefit pension schemes. I wanted to ask him why then does the regulator appear to want to treat all open defined benefit schemes as if they were closed (to new members or future accrual) but he was not able to stay for questions. Next time. 

If you haven't already, I believe that you can still register for the next 3 events listed below


Day 2: Tuesday 16th March, 13:00-14:00

Fixing the holes in auto-enrolment

Auto enrolment has brought millions of people into workplace pensions. But millions more are still excluded, and too many of those who are auto-enrolled are not building up enough pension to maintain living standards in retirement. This session will explore who's falling through the gaps, what impact Covid-19 has had, and how we can make sure auto-enrolment delivers decent pensions for all.

- Josephine Cumbo, global pensions correspondent, Financial Times

Chris Curry, director, Pensions Policy Institute

Joe Anderton, pension officer, Prospect

Cara Pacitti, economist, Resolution Foundation

Day 3 Wednesday 17th March 13:00-14:00

Making a success of collective DC

Thanks to the hard work of the Communication Workers Union, the Royal Mail is preparing to introduce the UK's first collective defined contribution pension scheme. By pooling investments and sharing risk, these arrangements can deliver more generous and stable retirement incomes than individual DC. So how can more employers be encouraged to offer CDC, and what can we learn from Canada, where unions have been involved in running this kind of scheme for decades?

Terry Pullinger, deputy general secretary (postal) CWU

Chris Roberts, director of social and economic policy, Canadian Labour Congress

Shriti Jadav, director, Willis Towers Watson

Day 4: Rethinking the role of the state pension

The UK provides a significantly lower state pension than most comparable countries, and relies more heavily on occupational pensions to provide retirement incomes for its citizens. Our system is deeply ingrained and has its merits, but is it time to rethink this balance? Would a bigger role for the state pension reduce pensioner poverty and inequality?

Panel debate

- Dr Bernhard Ebbinghaus, professor of social policy, University of Oxford

Nathalie Diesbecq, ACV-CSC (Christian Federation of Trade Unions, Belgium)

Closing keynote

- Jonathan Reynolds, shadow secretary of state for work and pensions

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