The NAPF has urged the Government to avoid using pension fund money as a short-term fix for our current economic problems in the 2012 Autumn Statement.

The NAPF’s Autumn Statement submission recommends that the Government make no further changes to the pensions tax regime as this would threaten public confidence in pensions saving at a critical time in the roll out of automatic enrolment.

It also asks the Chancellor to explicitly acknowledge the impact of Quantitative Easing on DB scheme funding by signaling a temporary uplift to discount rates to ease the pressure on DB funds and their sponsors.