IMA RESPONDS TO FINAL AUTO-ENROLMENT RULES

The Government is closer to implementing its plans for pension reform as the final rules for auto-enrolment have now been put through to Parliament.

In response, Richard Saunders, Chief Executive of the Investment Management Association (IMA), said:

"We welcome the fact that the Government is maintaining the momentum towards the introduction of employee auto-enrolment into workplace pension schemes from 2012.  This will be a significant step forward in extending the coverage of pension saving in the UK.  While the scale of these reforms is inevitably creating some regulatory and operational challenges, we hope that full implementation can be achieved in an effective and timely manner."

-ENDS-

About the Investment Management Association
The IMA is the trade body for the UK's £3 trillion asset management industry.  The money its members manage is in a wide variety of investment vehicles including authorised investment funds, pension funds and stocks and shares ISAs.  Its role is to represent the industry and promote high standards. www.investmentuk.org  

For further information, please contact:
Noreen Shah, Press Officer, IMA, 020 7831 0898
Ginny Broad, Head of Communications, IMA, 020 7831 0898 or 07834 089332

Email: press@investmentuk.org