UK - Advisers to the government's Employer Task Force on Pensions claim they are being ignored.
The task force was set up in June 2003 to find ways of increasing and extending occupational and private provision.
But disgruntled advisory group members – including representatives from the pensions regulator OPRA, the Financial Services Authority and the National Association of Pension Funds – claim the task force has instead sought advice from the department for work and pensions.
The task force – led by J Sainsbury group chief executive Sir Peter Davis – is due to report its recommendations by December 2004.
One advisory panel member – who declined to be named – said: “I’m very concerned that the task force is not getting advice from the advisory group. It is getting advice from the DWP. The task force has not sought advice in any significant way.
“The two operate completely independently, they have never met. The only connection has been through the secretariat and Peter Davis. All the advice that has gone to the task force is coming from the DWP.”
Another advisory group member added: “It is just a talking shop. All the major organisations are represented but everybody just sits around and makes observations and comments.”
PricewaterhouseCoopers partner Peter Tompkins (pictured) said: “It is very confusing to understand where the pieces of the government’s jigsaw fit together.
There seems to be a lack of joining up between the various people that have been put in to think about this. Plenty of people with much more experience of advising on pensions are around and despairing of there not being a coherent policy in place for the long-term.”
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