NAPF embraces government retirement plans
UK – The National Association of Pension Funds (NAPF) has welcomed the government’s plans to end compulsory retirement at the age of 65.
Alan Pickering, chairman of the NAPF, has told Margaret Hodge, UK employment minister, that the association is anxious to give all help possible to introduce greater retirement age flexibility.
“ We welcome your announcement to the House of Commons on 14 February that the government will be seeking ways in which state pension age and individual retirement age and individual retirement age can be decoupled,” says Pickering in a letter to the minister.
“ In a simplified regulatory environment, pension schemes will have a vital role to play in easing the transition from full time work to full time retirement,” he adds.
“ On behalf of the association, I am happy to confirm that we would like to play our part in this exciting development,”