PLSA responds to work and pensions committee report

The Pensions and Lifetime Savings Association has today (Wednesday) responded to the Work and Pensions Committee report on defined benefit pension schemes. 

Joanne Segars, Chief Executive, Pensions and Lifetime Savings Association, said: 

“We are pleased to see that the Committee shares our view on the potential value of consolidation. 

“As the Committee recognises, creating consolidators is a complex task where the details matter. We are actively investigating the pros and cons of the spectrum of consolidation options including an aggregator fund or funds model. 

“We will be publishing our recommendations in March. We look forward to working with the Committee, Government and the Regulator to make consolidation a success.”

-ENDS-

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.

CONTACTS:

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]