The National Association of Pension Funds (NAPF) commented on the guidance on incentivised pension exercises published by The Pensions Regulator today.
Darren Philp, NAPF Policy Director, said:
“This guidance sits alongside the new industry Code of Practice on incentivised pension exercises, which the NAPF helped to develop.
“We would have preferred to see the Code as the only source of reference to help keep things simple. However, we are pleased that this guidance is a streamlined version of the previous edition and that it points the reader towards the Code.
“We need to ensure that people make the right decisions for their retirement, so it is essential that employers comply with the new Code of Practice. The NAPF will play its role in helping to monitor compliance over the next year.”
Notes to editors:
1. The NAPF is the leading voice of workplace pensions in the UK. We speak for 1,200 pension schemes with some 15 million members and assets of around £800 billion. NAPF members also include over 400 businesses providing essential services to the pensions sector.
Paul Platt, Head of Media and PR, NAPF, 020 7601 1717 or 07917 506 683, [email protected]
Christian Zarro, Press Officer, NAPF, 020 7601 1718 or 07825 171 446, [email protected]