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TPR urges employers to increase member help
Article by Jenna Towler, Professional Pensions, 17 September 2009
The Pensions Regulator is urging employers that run defined contribution schemes to up their pension interaction with employees ahead of the 2012 reforms.
Barnett Waddingham partner Paul Jayson welcomed the move.
He said "As more and more people are left to their own devices to make pension provision the risk that retirement income could be woefully inadequate is gradually being recognised.
"It is good to see the regulator and FSA working together in this initiative to educate individuals to help them make choices now, while there is still time. There is still further to go and it is hoped that this is merely the first step in a programme of measures to empower people to make informed decisions for their retirement."
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