Wednesday 21 March 2012
IMA SAYS SINGLE STATE PENSION IS A STEP IN THE RIGHT DIRECTION
Responding to today’s Budget, IMA Head of Research and Pensions, Jonathan Lipkin said:
“We agree that the pension system needs to be simple, predictable and fair. We therefore welcome the commitment to introduce a single state pension.
“As we move towards automatic enrolment, this will help to provide a clear foundation for complementary workplace provision. However, to make this really work requires further steps.
“One of the things we urge the Government to consider is how a combined pension statement that would bring state and private pensions together could be made available to everyone.
“This could both improve retirement planning, giving individuals greater certainty, and reinforce a culture in which the pension regime is less subject to frequent and counter-productive changes.”
For further information please contact:
Navdeep Sidhu, Press Officer - 020 7831 0898 or 07843 517618
Mona Patel, Head of Communications - 020 7831 0898 or 07834 089332
Notes for Editors
The IMA is the trade body for the UK's £4 trillion 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.
Our purpose is to support and promote a commercially successful and growing UK investment management industry as we seek to improve the financial outcomes for customers - savers and investors.
IMA website - www.investmentuk.org