Following the announcement today (Wednesday) of the appointment of Lord Jonathan Hill to the role of EU Commissioner for Financial Stability, Financial Services and Capital Markets Union, James Walsh, Policy Lead: EU and International, NAPF, comments:
“This is surprising and good news. No one expected the UK Commissioner to be allocated the coveted financial services portfolio that includes responsibility for workplace pensions.
“Although issues such as the IORP Directive and Holistic Balance Sheet are unlikely to go away, today’s news makes it much more likely that we will receive the good outcomes needed on these two crucial issues to secure the future of workplace pensions.
“We congratulate Lord Hill on his appointment and look forward to working closely with him to explain our members’ concerns, ensuring the Commission recognises the essential role pension funds play as long-term investors.”
Notes to editors:
The NAPF is the voice of workplace pensions in the UK. We speak for over 1,300 pension schemes that provide pensions for over 17 million people and have more than £900 billion of assets. We also have 400 members from businesses supporting the pensions sector.
We aim to help everyone get more out of their retirement savings. To do this we promote policies that add value for savers, challenge regulation where it adds more cost than benefit and spread best practice among our members.
Lucy Grubb, Head of Media and PR, NAPF, 020 7601 1726 or 07713 073023, [email protected]
Eleanor Bennett, Press Officer, NAPF, 020 7601 1718 or 07825 171 446, [email protected]