Follow Us

Follow us on Twitter  Follow us on LinkedIn
 

09 May 2012

NAPF delighted Queen's Speech promises state pension reform


Joanne Segars, chief executive of the National Association of Pension Funds, said: "A new system will take millions out of means-tested benefits, and will encourage people to take control of their old age by saving towards it".

Joanne Segars, NAPF Chief Executive, said: “We are delighted by this confirmation of the Government’s commitment to a long-awaited, landmark reform. This is another big step towards a simpler, more generous state pension that no longer penalises people for saving.”

“The NAPF has been calling for a single-tier state pension for many years. This is the much-needed foundation on which people can build their own savings, knowing that it pays to save. And it will help ensure that auto-enrolment is a success. We are all living longer, so it is inevitable that retirement ages move upwards to reflect that. The trade-off for working longer must be a better state pension come retirement.”

Press release



© NAPF - National Association of Pension Funds


< Next Previous >
Key
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information



Add new comment