Nick Clegg speaks at the Liberal Democrat conference in Brighton last year. Photograph: Getty Images.
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The Lib Dems need to start telling us what they'll be fighting for in 2015

At Spring Conference, some of the manifesto raw meat needs to be presented and debated.

I’m feeling a little unloved. Many regular commentators on my posts here at The Staggers will be completely unsurprised by this revelation and will no doubt be having a quick snigger at my expense, but let me clarify what I mean. Because it’s not just me. The Lib Dems as a party seem to have dropped off the news media’s radar altogether.

The floods seem to be hung on the Tories, with special guest appearances by ex-Labour ministers, while UKIP keep their hand in by pinning the blame for the whole thing on the advent of gay marriage. Nary a mention of the Lib Dems. The news that the Scots may have to look elsewhere for their currency if they vote for independence also seems to be owned by a combination of George Osborne and Alistair Darling.

The good folk of Wythenshawe and Sale East may have doomed us to our eighth lost deposit in 15 by-elections (sooner or later someone in HQ is going to start noticing that trend and maybe worry about it a bit) but we still came fourth – not quite bad enough to make us interesting and certainly not enough to stop UKIP being the main story (although there seems a bit of a debate about whether coming second in a by-election once again is a good or bad result for them).

Even The Staggers seems to have forgotten us, with just two of the last 30 stories from the UK’s foremost political publication focusing on one of the two parties in government (no doubt my editor is thinking 'yes, well, if you pulled your finger out a bit more...'  but you get my drift).

So why is this? After all, it’s almost making me hanker after the days when a good non-sex scandal meant we dominated the front pages. Well, can I suggest it may be something to do with the differentiation strategy – you know, the one where whenever the Tories do something, almost anything, we give a sharp intake of breath and say "I don’t think that seems terribly sensible."

Don’t get me wrong, I like it when we do that. But the press are only going to write "another coalition row" so many times before they get bored with it. And I think that time has come. So we need to start following up that sharp intake of breath with an alternative plan, an explanation of what we would rather do instead. And when we do – for example, the raising of the tax threshold – then suddenly the headlines start appearing once again.

It may be chucking it down outside, but Spring Conference is just around the corner, and I hope some of the manifesto raw meat is going to presented and debated. It’s time we started telling people a little more of what we’ll be fighting for in 2015 – both in the election, and, if needs be, in the coalition negotiations.

Richard Morris blogs at A View From Ham Common, which was named Best New Blog at the 2011 Lib Dem Conference

Richard Morris blogs at A View From Ham Common, which was named Best New Blog at the 2011 Lib Dem Conference

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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: products-and-investments/ pensions/pensions2015/