Changes to the Pensions System and the Role of Fiduciary Management
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1 Changes to the Pensions System and the Role of Fiduciary Management Interview by Helen Winsor, Finance IQ Penny Green, Chief Executive at Saul Trustee Company, joins Finance IQ to discuss developments in Pensions and the role of Fiduciary Management. Finance IQ: Hello and welcome to this IQPC podcast presented by Finance IQ in conjunction with the forthcoming Fiduciary Management Summit due to take place in April in London. I'm your host, Helen Winsor, and today I'm delighted to be joined by an expert in the field, Penny Green, Chief Executive of Saul Trustee Company. Penny, welcome to the show. How are you today? P Green: I'm very well, thank you. Finance IQ: Great of you to join us. P Green: Pleasure! Finance IQ: I've got a few questions for you today. First and foremost, what do you make of Steve Webb's announcement on the flat rate state pension schemes? People will now have to make 35 years' worth of National Insurance contributions to be eligible. What will happen to the people who can't make this? P Green: I don't think that it's too different from the existing system whereby to obtain a full, basic state pension you have to have made contributions for a certain period of time. In the current system if you have paid in for fewer than the requisite number of years, which has changed over time which is why I'm hesitant here, then you get a reduced level of basic state pension. I haven't seen the detail of the announcement and I'm sure that this is something that is still being worked on at the DWP, but I cannot imagine that there wouldn't be some kind of similarity of approach in terms of the universal state pension that has been announced by Steve Webb. Finance IQ: Thank you. We're now nearly six months into auto-enrolment. What do you think are the public perceptions of it? And do you think that it's actually sustainable? Download the full interview here - http://www.fiduciarymanagementsummit.com/MediaCenter.aspx Related event details: The 2 nd Annual Fiduciary Management Summit will be hosted on 30 th April 2013 in London UK. For more details, please visit the website: www.fiduciarymanagementsummit.com, call freephone: 0207 368 9300 or email: [email protected].
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Penny Green, Chief Executive at Saul Trustee Company, joins Finance IQ to discuss developments in Pensions and the role of Fiduciary Management.
Transcript of Changes to the Pensions System and the Role of Fiduciary Management
1
Changes to the Pensions System and the Role of Fiduciary Management
Interview by Helen Winsor, Finance IQ
Penny Green, Chief Executive at Saul Trustee Company, joins Finance IQ to discuss developments in Pensions and the role of Fiduciary Management.
Finance IQ: Hello and welcome to this IQPC podcast presented by Finance IQ in conjunction with the forthcoming Fiduciary Management Summit due to take place in April in London. I'm your host, Helen Winsor, and today I'm delighted to be joined by an expert in the field, Penny Green, Chief Executive of Saul Trustee Company. Penny, welcome to the show. How are you today? P Green: I'm very well, thank you. Finance IQ: Great of you to join us. P Green: Pleasure! Finance IQ: I've got a few questions for you today. First and foremost, what do you make of Steve Webb's announcement on the flat rate state pension schemes? People will now have to make 35 years' worth of National Insurance contributions to be eligible. What will happen to the people who can't make this? P Green: I don't think that it's too different from the existing system whereby to obtain a full, basic state pension you have to have made contributions for a certain period of time. In the current system if you have paid in for fewer than the requisite number of years, which has changed over time which is why I'm hesitant here, then you get a reduced level of basic state pension. I haven't seen the detail of the announcement and I'm sure that this is something that is still being worked on at the DWP, but I cannot imagine that there wouldn't be some kind of similarity of approach in terms of the universal state pension that has been announced by Steve Webb. Finance IQ: Thank you. We're now nearly six months into auto-enrolment. What do you think are the public perceptions of it? And do you think that it's actually sustainable? Download the full interview here - http://www.fiduciarymanagementsummit.com/MediaCenter.aspx Related event details: The 2nd Annual Fiduciary Management Summit will be hosted on 30th April 2013 in London UK. For more details, please visit the website: www.fiduciarymanagementsummit.com, call freephone: 0207 368 9300 or email: [email protected].
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IQPC Please note that we do all we can to ensure accuracy within the translation to word of audio interviews but that errors may still understandably occur in some cases. If you believe that a serious inaccuracy has been made within the text, please contact +44 (0) 207 368 9425 or email [email protected].
