Indian watch aims to stop rape, but may lead to false security

Can technology make day-to-day life safer for women in India?

The spotlight has been firmly trained on the Indian government since the horrific gang rape of a 23 year old woman on a New Delhi bus in December. A massive outcry arose from many citizens, who saw the government's slow response to the incident as indicative of a general complacence in tackling violence against women, a feeling spurred on by the high number of rape incidents in the country's capital.

Protests included a candlelit vigil, which was derided by the President's son, Abhijit Mukherjee, who said: "…those who are protesting have no connection with ground reality. These pretty ladies coming out to protest are 'highly dented and painted'".

However, not all in power share this misogynist view and the government has responded to the strong public feeling with a series of measures, albeit slightly ham-fisted ones. Perhaps the most controversial was the announcement that all convicted sex offenders will be named and shamed with their addresses published online.

The latest comes in the form of an announcement from the government's Information Minister that a new kind of 'safety watch' will be distributed later in the year with the aim of reducing violence against women. The watch can send text alerts to local police and family members if the wearer is in danger, and can record video footage for up to 30 minutes. The government noted in a subsequent press release that the device would be timely given “unfortunate incidents of crimes against women in particular.”

The idea is to make women feel safer on the streets by having a personal alarm system attached to their wrists. However, the idea has been met with scepticism from women's safety campaigners who argue that without a strong support network in place, an alert system is a redundant technology. Preethi Herman, Campaign Director at in India, said: "Sensitisation of police on violence against women, broader police reforms, effectively functioning help centres are desperate fixes that need to be made before any technology can be successful."

In fact, the watch may do more harm than good if the wearer relies on it as a safety mechanism. As Preethi says, "the watch might, at the most, provide a not entirely realistic perception of security to users." Its into Indian society assumes there is a ready and waiting police force nearby, poised to jump into action at the first bleep of an incoming SMS alert. The reality may not be so heartening. Women's safety campaigners in India have reported that the police can be obstructive when a woman tries to report a sexual attack, and that is when she visits the station in person – there is no guarantee that an alert sent remotely via mobile will be responded to quickly enough to prevent the woman coming to any harm. 

In a TrustLaw survey taken with 370 gender experts last year India was found to be the worst country to be a woman. This worrying finding, along with the increased media attention that recent attacks have attracted, is spurring the government into action. However, without focusing on underlying gender equality issues ingrained into society the introduction of safety technology may be seen as little more than a gimmicky attempt to appease an angry electorate.

Photograp: Getty Images
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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/