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Press Release

FSB welcomes debate on pensions

25 May 2006

The FSB today welcomed the Government’s approach to tackling the future of UK pensions.

The UK’s biggest business organisation noted the Government’s assurance ahead of today’s white paper that small businesses would get help to cope with possible compulsory contributions to a national pensions saving scheme.

However, the FSB urged legislators to put measures in place to encourage individuals to take responsibility for their own retirement.

Mike Cherry, FSB National Pensions Spokesman, said:

“Everybody recognises the need to tackle the future of pensions and the Government has done well to grasp the nettle on this issue.

“The Government’s stated aim has been for individuals to take responsibility for their own futures and we hope this is reflected in the final settlement.

“Our discussions at number 10 Downing Street today saw all the business organisations united in their concern about the impact the proposals would have on small businesses and their employees.

“Good communication and simplicity is the key to making this work. We welcome the time the Government is giving to this debate and look forward to being fully involved in representing the views of small businesses.”



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Federation of Small Businesses

Federation of Small Businesses

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