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Press Release

For immediate release: Wednesday 05 December 2007

IMA Welcomes Pensions Bill

Responding to the Government's Pensions Bill, Richard Saunders, Chief Executive of the Investment Management Association said:

"The Pensions Bill is a new and important milestone in helping people to save for retirement.  We will now examine the detail of the Bill and are committed to ensuring that the Bill delivers a framework that will give maximum simplicity to enable employers to deliver an efficient, low-cost, long-term savings vehicle."

-ENDS-

About IMA
The IMA is the trade body for the UK's £3,100 billion asset management industry.  The money its members manage is in a wide variety of investment vehicles including authorised investment funds, pension funds and stocks and shares ISAs.  Its role is to represent the industry and promote high standards.

For further information, please contact:
Noreen Shah, Press Officer, IMA, 020 7831 0898            
Mona Patel, Head of Communications, IMA, 020 7831 0898

Out of hours:
Mona Patel, Head of Communications, 07834 089 332

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