James Walsh, Policy Lead: EU & International, said:
“The Pensions and Lifetime Savings Association welcomes the Government’s consultation on pensions scams, which includes the proposals put forward by this organisation.
“Scams are a major threat to people’s hard-earned retirement savings and the Government is right to give pension schemes more tools to protect savers. Limiting the statutory right to a pensions transfer, banning pension cold calling and the increase in regulation of Small Self-administered Schemes are significant steps in the right direction.
“We will examine the details of the consultation in the coming weeks before issuing a full response to the Government.”
NOTES TO EDITORS:
We’re the Pensions and Lifetime Savings Association; the national association with a ninety year history of helping pension professionals run better pension schemes. Our members include over 1,300 pension schemes with 20 million members and £1 trillion in assets, and over 400 businesses. They make us the voice for pensions and lifetime savings in Westminster, Whitehall and Brussels.
Our purpose is simple: to help everyone to achieve a better income in retirement. We work to get more money into retirement savings, to get more value out of those savings and to build the confidence and understanding of savers.
Lucy Grubb, Head of Media and PR, Pensions and Lifetime Savings Association
T: 020 7601 1726, M: 07713 073023, E: [email protected]
Babak Mayamey, Press Officer, Pensions and Lifetime Savings Association
T: 020 7601 1718, M: 07825 171 446, E: [email protected]
Kathryn Mortimer, Press Officer, Pensions and Lifetime Savings Association
T: 020 7601 1748, M: 07901 007713, E: [email protected]