FINANCE NEWS: CFDG warns of key gap in Government paper on pensions

The Charity Finance Directors' Group has objected that the Government consultation document on the future of pensions does not address key issues for the sector.

The finance body welcomes proposed simplification of pension provision in the document published by the Department for Work and Pensions, but warns of serious gaps in the Government's approach.

"The Green Paper doesn't address the pensions black hole - people not saving enough for their retirement," said David Sinclair, policy officer of the CFDG. "It also doesn't consider the death of the final salary pension scheme. Will it end? If so what are the alternatives?"

In its response to the Green Paper, the finance body supports the idea of an employers' taskforce to promote employers' involvement in pension provision. The CFDG argues that the charity sector should be represented on it.

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