You worked hard. Your pension should work harder.
You paid in. You did your bit. Westminster buried your savings in red tape, high costs and poor returns. Reform UK will clean it up, back savers, and deliver dignity in retirement.
What is wrong
For years politicians built a pension maze. Complex rules. Fat fees. Mediocre outcomes. Ordinary workers lose out while the City clips the ticket. Enough. We will put savers first, not bureaucrats.
Our plan
Simpler, better value pensions. A full review to cut complexity and costs, learning from countries that get people saving earlier and deliver better results. Your money should work for you, not for paperwork.
Protect pension security. Keep strong safeguards so workers’ promised pensions are safe. No raids on savings.
Justice for mineworkers. Implement the 2021 recommendations so future surpluses in the Mineworkers’ Pension Scheme go to mineworkers. It is their money.
Cut waste and fees. Transparency on charges and stronger governance. Every pound should work harder for your retirement.
Dignity in later life. Pensions policy will sit alongside a national plan for social care that reduces waste and funds frontline support.
Labour vs Reform UK
Winter Fuel Payment
Labour: Limited Winter Fuel Payments to people on means tested benefits. Millions lost support.
Reform UK: Reverse the cut and restore Winter Fuel Payments for pensioners of eligible age. No surprise removals of support. Clear, early communication before any change.
Defined Benefit pension surpluses
Labour: Talked about unlocking large DB surpluses for growth, weakening safeguards by moving toward a low dependency standard.
Reform UK: Keep strict safety tests. No forced tapping of DB surpluses. Any distribution must protect members first, with clear trustee and regulator sign off.
Taxes on pensions
Labour: Opened the door to pension related stealth taxes, including proposals that bring more pensions into Inheritance Tax.
Reform UK: No new taxes on pension pots. Protect the tax free lump sum. Keep pension savings out of Inheritance Tax.
State pension guarantee
Labour: Kicked key questions to a commission while uncertainty grows about long term protection.
Reform UK: Protect the value of the state pension with a clear guarantee that keeps up with prices, earnings, or by 2.5 percent, whichever is highest. No erosion by stealth.
Process and trust
Labour: Sudden policy shifts that were not set out before the election.
Reform UK: Straight dealing. No more surprises. Major changes only after open consultation, clear impact tests, and a mandate.
What this means for you
More in your pot. Lower costs. Clearer choices. Better performance.
Fairness restored. Mineworkers keep their surpluses. No ifs. No buts.
Confidence at retirement. A system built for savers, not for Whitehall.
The bottom line
We need common sense and courage. Cut waste. Stop the raids on pensioners. Protect savings. Back those who grafted all their lives. That is the Reform UK way.
