Julian Assange seeks political asylum in Ecuador

The Wikileaks founder arrives at Ecuadorian embassy, as he awaits a ruling on extradition to Sweden.

Julian Assange is seeking political asylum in Ecuador after arriving at the country's embassy in Kensington this afternoon.

The Wikileaks founder is embroiled in a judicial battle over a European Arrest Warrant which could see him extradited to Sweden to face allegations of sexual assault.

The official Wikileaks Twitter feed confirmed the move at 7.40pm:

In a statement, the Embassy of Ecuador said:

This afternoon Mr Julian Assange arrived at the Ecuadorian Embassy seeking political asylum from the Ecuadorian government. As a signatory to the United Nations Universal Declaration for Human Rights, with an obligation to review all applications for asylum, we have immediately passed his application on to the relevant department in Quito.

While the department assesses Mr Assange’s application, Mr Assange will remain at the embassy, under the protection of the Ecuadorian Government. The decision to consider Mr Assange’s application for protective asylum should in no way be interpreted as the Government of Ecuador interfering in the judicial processes of either the United Kingdom or Sweden.

Under his existing bail conditions, he was required to obey a curfew. By not being in Kent by 10pm, he has breached them - with potential consequences for those who funded his bail. 

Jemima Khan, the NS's associate editor and a long-time supporter of Wikileaks who contributed to the bail fund, has confirmed that she was not made aware of Assange's decision in advance:

In a statement, the Swedish prosecutor involved in the case, Marianne Ny, said that she could not comment on the information. "An application for asylum is a matter between British and Ecuadorian authorities and, therefore, does not concern the investigation in Sweden."

Questions are already being raised about Assange's choice of Ecuador as a possible destination. Max Fisher writes at the Atlantic:

... whatever the rationale, would this really be the safest destination for a self-styled journalist and revolutionary? The Ecuadorian government at times imposes severe -- and worsening -- restrictions on journalists as well as critics of President Rafael Correa. 

International NGOs describe Ecuador as a country that is increasingly hostile to both journalists and transparency advocates, neither of which would seem to bode well for Assange. Reporters Without Borders has chronicled one shut-down after another.

One of the recurring worries raised by Wikileaks and Assange has been the possibility that he would be extradited to the US, where he could face charges in relation to the leak of the embassy cables.

The New Statesman's legal correspondent, David Allen Green, adds:

Julian Assange. Photo: Getty Images

Helen Lewis is deputy editor of the New Statesman. She has presented BBC Radio 4’s Week in Westminster and is a regular panellist on BBC1’s Sunday Politics.

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Stability is essential to solve the pension problem

The new chancellor must ensure we have a period of stability for pension policymaking in order for everyone to acclimatise to a new era of personal responsibility in retirement, says 

There was a time when retirement seemed to take care of itself. It was normal to work, retire and then receive the state pension plus a company final salary pension, often a fairly generous figure, which also paid out to a spouse or partner on death.

That normality simply doesn’t exist for most people in 2016. There is much less certainty on what retirement looks like. The genesis of these experiences also starts much earlier. As final salary schemes fall out of favour, the UK is reaching a tipping point where savings in ‘defined contribution’ pension schemes become the most prevalent form of traditional retirement saving.

Saving for a ‘pension’ can mean a multitude of different things and the way your savings are organised can make a big difference to whether or not you are able to do what you planned in your later life – and also how your money is treated once you die.

George Osborne established a place for himself in the canon of personal savings policy through the introduction of ‘freedom and choice’ in pensions in 2015. This changed the rules dramatically, and gave pension income a level of public interest it had never seen before. Effectively the policymakers changed the rules, left the ring and took the ropes with them as we entered a new era of personal responsibility in retirement.

But what difference has that made? Have people changed their plans as a result, and what does 'normal' for retirement income look like now?

Old Mutual Wealth has just released. with YouGov, its third detailed survey of how people in the UK are planning their income needs in retirement. What is becoming clear is that 'normal' looks nothing like it did before. People have adjusted and are operating according to a new normal.

In the new normal, people are reliant on multiple sources of income in retirement, including actively using their home, as more people anticipate downsizing to provide some income. 24 per cent of future retirees have said they would consider releasing value from their home in one way or another.

In the new normal, working beyond your state pension age is no longer seen as drudgery. With increasing longevity, the appeal of keeping busy with work has grown. Almost one-third of future retirees are expecting work to provide some of their income in retirement, with just under half suggesting one of the reasons for doing so would be to maintain social interaction.

The new normal means less binary decision-making. Each choice an individual makes along the way becomes critical, and the answers themselves are less obvious. How do you best invest your savings? Where is the best place for a rainy day fund? How do you want to take income in the future and what happens to your assets when you die?

 An abundance of choices to provide answers to the above questions is good, but too much choice can paralyse decision-making. The new normal requires a plan earlier in life.

All the while, policymakers have continued to give people plenty of things to think about. In the past 12 months alone, the previous chancellor deliberated over whether – and how – to cut pension tax relief for higher earners. The ‘pensions-ISA’ system was mooted as the culmination of a project to hand savers complete control over their retirement savings, while also providing a welcome boost to Treasury coffers in the short term.

During her time as pensions minister, Baroness Altmann voiced her support for the current system of taxing pension income, rather than contributions, indicating a split between the DWP and HM Treasury on the matter. Baroness Altmann’s replacement at the DWP is Richard Harrington. It remains to be seen how much influence he will have and on what side of the camp he sits regarding taxing pensions.

Meanwhile, Philip Hammond has entered the Treasury while our new Prime Minister calls for greater unity. Following a tumultuous time for pensions, a change in tone towards greater unity and cross-department collaboration would be very welcome.

In order for everyone to acclimatise properly to the new normal, the new chancellor should commit to a return to a longer-term, strategic approach to pensions policymaking, enabling all parties, from regulators and providers to customers, to make decisions with confidence that the landscape will not continue to shift as fundamentally as it has in recent times.

Steven Levin is CEO of investment platforms at Old Mutual Wealth.

To view all of Old Mutual Wealth’s retirement reports, visit: www.oldmutualwealth.co.uk/ products-and-investments/ pensions/pensions2015/