The National Association of Pension Funds (NAPF) has welcomed Ros Altmann as the UK’s new Minister of State (Minister for Pensions).
Joanne Segars, Chief Executive, NAPF, says: “Pensions were a hot topic during the General Election campaign and will no doubt continue to be of interest in the coming Parliament. Pensions are also a complex topic where seemingly minor changes have major ramifications.
“It’s less than two months since the hard work of our industry helped ensure the biggest reforms in decades to the pensions system were implemented in what seemed record time. We’ve weathered the first wave but that was just the start – there’s much more to do to make sure savers’ interests are kept safe in the wake of the flood of recent reforms.
“We are looking forward to working with Dr Altmann. We want to share our expertise to negotiate the tough challenges that lie ahead – some of which may require difficult decisions. We encourage the Minister to consider the benefits an independent commission would offer. By providing impartial and independent expertise and analysis a commission would allow the Minister to make policy that stands the test of time.”