For immediate release
Responding to Reform’s plans to overhaul local government pension funds, John O’Connell, chief executive of the TaxPayers' Alliance, said:
“It will delight local taxpayers to see a major political party shine a light on the shocking mismanagement of local government pension funds.
“The fees involved, and the mix of assets owned by these schemes have been rightly called out by Reform UK. But this is still insufficiently radical given the continuing commitment to gold-plated, defined benefit schemes which ultimately are underwritten by taxpayers.
“Reform UK should go further and pledge to also move all new local government employees onto fully-funded defined contribution schemes, like is the case in most of the private sector.”
TPA spokespeople are available for live and pre-recorded broadcast interviews via 07795 084 113 (no texts)
Media contact:
Elliot Keck
Head of Campaigns, TaxPayers' Alliance
[email protected]
24-hour media hotline: 07795 084 113 (no texts)
Notes to editors:
-
Founded in 2004 by Matthew Elliott and Andrew Allum, the TaxPayers' Alliance (TPA) campaigns to reform taxes and public services, cut waste and speak up for British taxpayers. Find out more at www.taxpayersalliance.com.
- TaxPayers' Alliance's research council.