NAPF welcomes Ros Altmann as new Pensions Minister

The National Association of Pension Funds (NAPF) today (Monday) welcomed Ros Altmann as the new Minister of State (Minister for Pensions).

Joanne Segars, Chief Executive, NAPF, said:

“Pensions were a hot topic during the General Election campaign and will no doubt continue to be of interest in the coming Parliament.  Pensions are also a complex topic where seemingly minor changes have major ramifications.

“It’s less than two months since the hard work of our industry helped ensure the biggest reforms in decades to the pensions system were implemented in what seemed record time. We’ve weathered the first wave but that was just the start - there’s much more to do to make sure savers’ interests are kept safe in the wake of the flood of recent reforms.

“We are looking forward to working with Dr Altmann. We want to share our expertise to negotiate the tough challenges that lie ahead – some of which may require difficult decisions. We encourage the Minister to consider the benefits an independent commission would offer. By providing impartial and independent expertise and analysis a commission would allow the Minister to make policy that stands the test of time.”

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 spread best practice among our members, challenge regulation where it adds more cost than benefit and promote policies that add value for savers.

Contacts:

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]