For immediate release: Thursday 25 May 2006

“A STEP TOWARDS A SYSTEM FIT FOR THE 21st CENTURY”
IMA RESPONDS TO THE PUBLICATION OF THE PENSIONS WHITE PAPER

Following the publication of the Government’s White Paper on Pensions, Richard Saunders, Chief Executive of the IMA commented:

“The White Paper is a major step towards a pensions system that is fit for the 21st century.
 
The Government has signalled a clear preference for a single centrally-run National Pensions Saving Scheme.  We strongly support this, and look forward to helping get the details right.  The ideas we submitted following the Turner Report point the way to a simple, universal and workable scheme.  We will now seek to work with the Department to make it a reality.”

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For further information, please contact:
Helen Stephenson, Communications Officer, IMA, 020 7831 0898

Out of hours contact:
Mona Patel, Head of Communications, IMA, 07834 089332