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11

Webb embarks on pension soapbox campaign

Open-access content Monday 17th November 2014 — updated 5.13pm, Wednesday 29th April 2020

The Department for Work and Pensions has today launched a radio ‘soapbox’ tour to publicise the pension reforms that are due to come in next April.

2

From tomorrow, pensions minister Steve Webb will take part in a series of radio phone-ins, where local listeners in every part of the country will have the chance to quiz him on the government's radical pension reforms.

The DWP also launched PensionTube, an online video hub hosted on YouTube to help retirement savers understand how pensions work.

These initiatives come ahead of what will be a major advertising campaign, themed 'Your Pension, Your Future', which will be launched this week to raise awareness of reforms to the state pension.

Webb said he wanted to speak to as many people as possible.

'It's only natural that people will have questions about what we're doing, why we're doing it and how it will affect them,' he said.

'We are delivering some of the most radical reforms to our pensions system in a generation, introducing a clearer and fairer state pension and bringing in unprecedented flexibilities that give people the freedom to make their savings work for them.

'Politicians should be accessible and this is a great way for me to engage with people all over the country about pensions in a direct way.'

Pensions expert Ros Altmann is one of the first 'vloggers' to appear on PensionTube. She said there were so many changes going on in pensions at the moment that people needed to know what is happening.

'All the jargon surrounding pensions can be really confusing, so it is important to have a trusted and accessible source of information that people can use when they want to understand what the changes mean.'

Webb will repeat his live phone-in session every week between now and Christmas, beginning with a session on BBC Radio 2's Jeremy Vine Show on Tuesday. 

This article appeared in our November 2014 issue of The Actuary .
Click here to view this issue

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