Media response: Pension reforms in the Queen’s speech

4 June 2014

Caroline Rookes, CEO of the Money Advice Service, said:

“The Money Advice Service welcomes the pension reforms legislation outlined in the Queen’s speech. It is encouraging that all parties are looking at ideas which have the potential to deliver better outcomes and greater certainty for consumers.

“‘Collective schemes’ have the potential to give people the confidence they need to plan ahead and save for their retirement.

“We are also pleased to see confirmation in this Bill that the Government is taking forward the commitment announced in the Budget this year to provide guidance to people approaching retirement.”

For more information, please contact: The Money Advice Service press office on 020 7943 0593 or pressoffice@moneyadviceservice.org.uk