Commenting on the Government’s paper on reinvigorating workplace pensions, Jane Curtis from the Institute and Faculty of Actuaries said:

“We welcome the Government’s announcement today and the Minister’s commitment to encouraging high quality pension provision that people can understand, trust and have confidence in.

“Recently published research from the Institute and Faculty of Actuaries highlighted a number of possible solutions to the practical issues of risk sharing.  This we believe provides a good foundation from which government and industry can build a sustainable and workable framework that reinvigorates workplace pensions.

“The Institute and Faculty of Actuaries remains committed to working with Government and industry to explore the possible options that will make this strategy a reality.”

If you have any enquiries regarding the statement, please contact the press office at the Institute and Faculty of Actuaries on +44 (0)207 632 1468