NAPF welcomes consultation and clarification on the Pensions Regulator's powers
Monday, 28 Apr 2008 09:11
Following the publication of the Department of Work and Pension’s (DWP) consultation on The Pension Regulator’s powers, The National Association of Pension Funds (NAPF) Chief Executive, Joanne Segars said:
“We welcome the publication of the consultation document and the clarificatory statement. We are pleased the Government has listened to industry calls on the proposed new powers and has undertaken a commitment to provide the industry with greater certainty.
“The guiding principles in this area must be combining innovation with member protection while being mindful of the law of unintended consequences so that regulation does not unduly restrict the potential marketplace.
“The NAPF will analyse the proposed changes and respond after consulting with our members.”
ENDS
Notes for Editors
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
Disclaimer:
Press releases published on this page are from key opinion formers who promote their organisation's activities by subscribing to a campaign site within politics.co.uk. politics.co.uk does not endorse, edit, or attempt to balance the opinions expressed on this page. The content of press releases are wholly the responsibility of the originating company or organisation.