The Pensions and Lifetime Savings Association (PLSA) has today (Thursday) commented on the joint strategy announced by The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA).
Nigel Peaple, Director of Policy and Research at the Pensions and Lifetime Savings Association, said:
“The strategy’s clear focus on helping savers generate an adequate retirement income is the right one and accords with the PLSA’s core mission.
Our new Retirement Income Targets will help savers to understand how much they need to save, but will not be sufficient on their own. The PLSA continues to believe that increasing contributions is crucial.
We agree that more needs to be done to help savers make the most of their savings and therefore support the strategy’s focus on delivering value for money. We look forward to taking part in the announced review of the consumer pensions journey, which will focus on helping savers make well-informed decisions across their lifetimes.”
Sabrina France, PR & Social Media Officer
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