20 November 2008
According to Pensions Minister Rosie Winterton, making the case
for saving was the challenge facing the pensions industry and
Government, in the present economic climate.
Speaking at a key industry gathering, Ms Winterton said that
Government had taken steps to help ease the administrative and
financial burden on pension schemes, but it was still vital that
the public were reminded of the importance of continuing to save
something for retirement rather than just deciding to cut pension
provision altogether at the present time.
Rosie Winterton said:
"I will be asking experts across the pensions industry to
consider how together we can best reach out to consumers to talk to
them in a sensible and helpful way about their pension and about
pension saving."
"Accepting that people are not saving enough and those who are
saving are considering their options, we need to be united in our
message that pension saving is for the long-term and one of the
best ways of providing for retirement."
Rosie Winterton pointed out that more was being done to give
people a fairer deal on pensions, with the creation of Personal
Accounts and changes to the State Pension that would give more
women and carers access to a full basic state pension.
