The National Association of Pension Funds (NAPF) commented on the Department for Work and Pension's launch today of a consultation on equalising for the effect of the Guaranteed Minimum Pension.
Darren Philp, NAPF Director of Policy, said: “Although these changes have been in the pipeline for some time, this is unwelcome news for pension funds. Pension schemes already have enough on their plate and the administrative headache this will create could not have come at a worse time. We will study the detail of what the DWP is proposing and play an active role in responding to its consultation.”
Press release
© National Association of Pension Funds
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