IMA criticises thinktank's savers report

15 June 2012 | By Henry Brennan

Ahead of the publication of the CPS white paper, ’Put the Saver First’, the chief executive of the IMA says while the paper focuses on a number of important issues, it is not without a share of inaccuracies.

“These sorts of errors don’t help the debate and risk misleading investors, causing them unnecessary concern and potentially undermining the long-term savings culture that we need,” he explains.

“Creating a positive long-term savings and pensions culture is of undoubted importance,” he adds, outlining a number of initiatives the investment management industry has made in order to simplify conditions for investors and improve confidence. (article continues below)

These include developing industry guidance for better disclosure of fund charges and building industry standards wth regards to the design, implementation and delivery of default pensions funds.

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