PLSA comments on DWP Green Paper on defined benefit pensions

The Pensions and Lifetime Savings Association today (Monday) welcomed the Department for Work and Pensions Green Paper ‘Security and Sustainability in Defined Benefit Pension Schemes’.  

Graham Vidler, Director of External Affairs, Pensions and Lifetime Savings Association, said:

“The Green Paper asks the questions necessary to move forward the increasingly pressing debate about the future of defined benefit pensions in the UK. The interim report published by our DB Taskforce last year identified how the challenges facing DB are posing a material risk to members’ benefits, to employers and the wider economy.

“We firmly support the Government’s desire to explore consolidation as a way to secure the defined benefit pensions of millions of savers. The DB Taskforce’s next report, to be published in March, will look at consolidation in more detail.”

A copy of the PLSA DB Taskforce Interim Report can be found on our website here. The Taskforce’s next report will be presented on 9 March at the PLSA Investment Conference in Edinburgh by Ashok Gupta. The session will be web-streamed live and available to view by registering here.