THIS WEEK: NatWest Life in pensions appeal

NatWest Life is launching a campaign this week to persuade political parties to address the ‘timebomb’ waiting to explode in the state pension system.

NatWest Life is launching a campaign this week to persuade political

parties to address the ‘timebomb’ waiting to explode in the state

pension system.



The ‘Changing Nation’ campaign is designed to raise awareness about the

growing crisis in the state pension system, which is expected to be

unable to provide adequate support for pensioners in the future.



NatWest Life, along with a number of other financial institutions, is

known to be interested in running elements of the state pension system

and has been lobbying political parties to consider handing some of its

provision to the private sector.



Any move towards privatisation will provoke an intense marketing battle

as financial institutions compete for billions of pounds worth of

pensions.



Spokesman for NatWest Life Paul Stott said the bank was interested in

running state pensions and would help any future government to find a

solution to the problems of providing pensions.



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