26 January 2009
(For immediate release)
FDA calls for political consensus on pensions
The FDA today urged politicians in all political parties to consider seriously the National Association of Pension Funds' report on the UK's pension schemes.
The report - Pension Provision and the Economic Crisis - reveals that 1,000 (52%) of open private-sector defined-benefit schemes are set to close to new members over the next five years.
Jonathan Baume, FDA General Secretary, said:
"It is time for a new political consensus to halt the rapid deterioration in pension provision for millions of people working in the private sector. Too many people in work feel that they are being abandoned and fear that they will face poverty in retirement. Politicians must work together to find new ways to support employers to make decent pension provision a reality once more."
Notes for editors
1. The FDA is the trade union and professional body representing 18,000 of the UK's senior civil and public servants. Our members include policy advisors, senior managers, tax inspectors, economists, statisticians, accountants, special advisers, government lawyers, diplomats, crown prosecutors and NHS managers.
2. Members in HMRC are represented by the Association of Revenue and Customs (ARC), a section of the FDA.
3. The FDA (formerly the First Division Association) should be referred to simply as "The FDA" and can be described as "the senior public servants' union".
4. For further information contact:
Jonathan Baume, General Secretary, tel: 020 7401 5555 or 07976 951191.
Oliver Rowe, Communications Officer, tel: 020 7401 5588 or 07590 838696.