ABI comment on flat rate pensions
Monday, 4 April 2011
12:00 AM
In response to the expected announcement by government today on the creation of a flat-rate state pension, Otto Thoresen, the ABI's Director General, said:
"The proposals to create a flat-rate pension are an important move towards a simpler and more understandable pension system. It will help people plan better for their retirement, stop people falling into the means-testing trap and ensure that it always pays to save. We look forward to working with the Government and other stakeholders to make these proposals work."
ENDS
Kelly Ostler-Coyle MCIPR
Media Relations
ABI (Association of British Insurers)
t: 020 7216 7415
m: 07968 364 302
www.abi.org.uk
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