WIREDGOV

Commenting on the publication recently (Thursday) of the government's new reinvigoration strategy for workplace pensions, TUC General Secretary Brendan Barber said:

'This new initiative shows the government is serious about improving workplace pensions.

'The TUC has always considered auto-enrolment to be the first step towards wider reform on pension provision, and we're glad the government agrees with us.

'The government is right to explore to new ways to improve defined contribution (DC) pension provision.

'Good governance, higher contributions, economies of scale, incentives to save, and more opportunities for employers and employees to share the risks involved in saving for retirement should all be part of a workplace pensions system that provides financial security and decent standards of living in retirement for all.

'These key objectives must be at the heart of the next phase of pension reform.'

NOTES TO EDITORS:

- The TUC Pensions Scorecard report, which assess the health of workplace pensions provision across the UK is available at http://bit.ly/VMfc4D

- All TUC press releases can be found at www.tuc.org.uk

- Follow the TUC on Twitter: @tucnews

Contacts:

Media enquiries:
Liz Chinchen T: 020 7467 1248 M: 07778 158175 E: media@tuc.org.uk
Rob Holdsworth T: 020 7467 1372 M: 07717 531150 E: rholdsworth@tuc.org.uk
Alex Rossiter T: 020 7467 1337 M: 07887 572130 E: arossiter@tuc.org.uk