State pension reform included in Queen's Speech | Pensions and Lifetime Savings Association

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State pension reform included in Queen's Speech

08 May 2013

The National Association of Pension Funds (NAPF) today commented on the inclusion of the Pensions Bill in the Queen’s Speech.

Joanne Segars, Chief Executive, NAPF, said:

“This much-needed and groundbreaking overhaul has taken another step forward to becoming a reality. We are delighted that, after years of campaigning, this reform is on the to-do list for the coming year. We look forward to engaging with the upcoming debate.

“The state pension needs to be as simple as possible. A clearer, flat-rate system will help people see what they need to save towards their retirement. It will stop people’s savings being eroded by means-testing and help them retire with confidence. It also supports the recent auto-enrolment reforms.”

 

Notes to editors:

1. The NAPF is the leading voice of workplace pensions in the UK. We speak for 1,300 pension schemes with some 16 million members and assets of around £900 billion. NAPF members also include over 400 businesses providing essential services to the pensions sector.

Contacts:

Paul Platt, Head of Media and PR, NAPF, 020 7601 1717 or 07917 506 683, [email protected]