Institutions solutions…
Today I was at the Industry Forum in London talking to some of the representatives of the UK’s biggest companies about the far reaching reforms we are in the process of making to the UK pensions landscape.
Also at the same event was Paul Thornton, who was talking about the findings of the Institution Review, which was published today. You’ll recall that back in January we asked Paul to look at the institutions that regulate, compensate and mediate work based pensions – such as the Pensions Protection Fund and the Pensions Regulator - and report on whether they are best placed to support work based saving now and after our reforms in future. The full text of his review is available here. But to summarise - there are, after all 90 pages – Paul thought that the current arrangements are working well, and while no wide scale changes were needed, there were a number of ways we could improve the already good joint working practices in future, including bringing together the Pensions Ombudsman and the Financial Services Ombudsman.
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This entry was posted on Tuesday, June 5th, 2007 at 3:03 PM by James Purnell and categorized in General posts.