Pension Schemes Bill Receives Royal Assent

March 13th, 2015

The NAPF has commented today on the Royal Assent of the Pension Schemes Bill.

Joanne Segars, Chief Executive, NAPF, said: “Royal Assent of the Pension Schemes Bill is very welcome as pension schemes can now get on with the important task of implementing the Government’s pension freedoms reforms. But with only 23 working days to go before the reforms go live, and schemes working flat out to implement the reforms in time, Government should waste no time in providing the missing pieces of the puzzle.

“These reforms have the potential to bring real benefits to savers, but there is still uncertainty amongst the public about what they should do to make the most of the opportunities. It is vital government ensures all communications to savers are realistic, so they can make solid plans for retirement and avoid disappointment.

“To help savers the NAPF has outlined three top tips for taking advantage of the new pension freedoms. These are – be informed, be realistic and take your time.”

“The NAPF is committed to making these reforms work, but ultimately we must not forget it’s about savers not voters. They are not a silver bullet to secure the silver ballot.”

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