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{{Policies |
{{Policies |
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|policyid=EQ163 |
|policyid=EQ163 |
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|policy=Centralised Public Pension Scheme where pension companies bid for the money from the government. |
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|policy=Stop people being auto-enrolled into rip-off pension schemes and seek to widen and expand access for more low-income and self-employed workers |
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|description=People pay into a central fund up and beyond their state pension allowance. Rather than going to pension companies directly they go through a central fund. This allows us to maximise returns and protect people's pension. When people move jobs their full pension is protected as they don't move out of the central pension fund. |
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|category=030 Welfare |
|category=030 Welfare |
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|subcategory=3 Pensions |
|subcategory=3 Pensions |
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|stream=Equality |
|stream=Equality |
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|approval=Yes |
|approval=Yes |
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|status= |
|status=Reviewed |
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|updatedby=Data Import |
|updatedby=Data Import |
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|dateupdated=08/10/2021 |
|dateupdated=08/10/2021 |
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Latest revision as of 13:11, 22 February 2022
Policy
| Policy ID: | EQ163 | Policy: | Centralised Public Pension Scheme where pension companies bid for the money from the government. |
| Category: | Welfare | SubCategory: | Pensions |
Description and Support Documents
People pay into a central fund up and beyond their state pension allowance. Rather than going to pension companies directly they go through a central fund. This allows us to maximise returns and protect people's pension. When people move jobs their full pension is protected as they don't move out of the central pension fund.
Corresponding Key Policy
Employment and Society
Corresponding Charter Article
C7. Pension and Welfare
Everyone has the right to a standard of living adequate for their health and well-being and the right to security in the event of unemployment, sickness, disability, widowhood, old age, or other lack of livelihood.
Amendments
No results