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Occupational therapy

It would be easy but wrong to infer from a recent Money Marketing article headlined, Final straw as the FSA makes pension U-turn, that company pensions are not as attractive as they used to be.

An occupational pension is almost always the best deal for those lucky enough to have access to one because the employer makes additional contributions and takes away the hassle and expense of providing the pension.

Over seven million of today&#39s pensioners are enjoying valuable additional income in retirement thanks to occupational schemes and a further 10.5 million working people are building up entitlements in such schemes.

The debate over the relative merits of final-salary or money-purchase schemes avoids the key question facing all those saving for retirement, namely, Am I saving enough?

This is the central issue facing today&#39s policymakers and the NAPF will continue to play a full role in leading that debate.

Christine Farnish

Chief executive,

National Association of Pension Funds, London SW1

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