Commenting on the announcement that Torsten Bell is to remain as Pensions Minister under new Prime Minister Andy Burnham, Malcolm Reynolds, Aptia’s UK President, said: ‘We welcome the confirmation that Torsten Bell will remain as Pensions Minister. At a time when pension adequacy, investment reform and retirement outcomes are firmly in the spotlight, continuity of leadership is particularly important.
‘Aptia's research shows that 70% of people approaching retirement are concerned their pension savings will not be enough to meet future living costs, underlining the significance of the decisions being made today.
‘Pensions are inherently long-term, and we welcome the stability his reappointment brings as the industry navigates through a period of unprecedented change. We look forward to continuing to work with the Minister and government to help deliver better outcomes for pension savers.’
NOTES TO EDITORS
- Founded to shape the future of pensions, health, and insurance solutions, Aptia is a leading UK pensions administrator and US employee benefits administrator dedicated to simplifying complexity for businesses and individuals. It brings together cutting-edge technology and deep industry expertise to help organisations navigate an evolving landscape with clarity and confidence.
- Aptia is the UK’s largest private-sector third-party administrator serving 1600 clients and more than 3 million members, delivering solutions that drive efficiency, enhance financial security, and provide peace of mind.
- Aptia has a presence in the UK, US, India. Aptia’s strength lies in the combination of smart technology and expert teams, ensuring that managing pensions, health, and insurance is more effective. By focusing on innovation, accessibility, and client success, Aptia helps businesses take care of their people, so they can focus on what they do best.
For more information contact:
Corinne Gladstone, Aptia Head of Corporate Communications & Public Relations.
Email: media.enquiries@aptia-group.com
Tel: 07989 448075
Sam Emery/ Emma Murphy/ Robbie Lawther/Bruno Aldridge, Quill PR
Email: Aptia@quillpr.com
