NAPF: Government risk sharing announcement on pensions welcomed
Friday, 06 Jun 2008 08:53
In response to the Government announcement on the risk sharing of occupational pension provision, National Association of Pension Funds (NAPF) Policy Director, Nigel Peaple, said:
“We are very pleased that the Government has produced its paper on risk sharing. We’ve long argued that the current legal framework must be reformed if we are to sustain good occupational pensions.
“Encouraging people to save enough for retirement is one of Britain’s biggest challenges and occupational pensions have to be part of the solution.
“NAPF will provide a full response to the DWP paper later in the Summer.”
ENDS
About The National Association of Pension Funds
The NAPF is the leading voice of workplace pension provision in the UK. Some 10 million working people are currently in NAPF Member schemes, while around 5 million pensioners are receiving valuable retirement income from such schemes. NAPF Member schemes hold assets of around £800bn, and account for approximately one fifth of investment in the UK stock market.
Journalists requiring further information, please contact Mark Brooks via
020 7808 1312
mark.brooks@napf.co.uk 07917 506683
Mark Brooks
Head of Press
Tel: 020 7808 1312 07917 506 683
Fax: 020 7222 7585
http://www.napf.co.uk
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