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PARTNERSHIP THE WAY FORWARD FOR PENSIONS, SAYS DARLING

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The government's pledge to build a stable economy in contrast to the ...
The government's pledge to build a stable economy in contrast to the

boom-bust, stop-go of the past has been reinforced by social security

secretary Alistair Darling.

Mr Darling was speaking at the Association of Private Client

Investment Managers and Stockbrokers conference in Edinburgh.

He then went on to stress the importance of a partnership between the

public and private sector. Mr Darling said:

'The government wants to encourage more savings and personal pension

provision. Partnership between public and private sectors is

essential to achieving this objective.

'For there to be a successful partnership people must have confidence

in the financial services industry.

'It's in the interests of everyone that the industry does everything

it can to clear up the pensions mis-selling problem without delay.

'The government wants to encourage individuals to save and invest.

We are playing our part - reforming the regulatory system to make it

more effective, launching new Individual Savings Accounts, and, in

the autumn, publishing the Green Paper on pensions.

'But that has got to be matched by a commitment from the industry to

re-build its image and to confront problems without delay'.

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