Examination of Witnesses

Part of Savings (Government Contributions) Bill – in a Public Bill Committee at 3:27 pm on 25th October 2016.

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Photo of Peter Dowd Peter Dowd Shadow Financial Secretary (Treasury) 3:27 pm, 25th October 2016

Q I will make an assertion here: I think the consensus of opinion today is that the pensions landscape is broken. However, in the absence of more structural change to that landscape, any product that helps—even if it is only a little bit and even if it’s for a limited number of people—is welcome. Mr Lewis, you have made this comment about the LISA:

“For retirement savings it works the same way, but whether it beats a pension or not is a much trickier conversation.”

Could you give us a view about that consensus claim that I just made?