The Department for Work and Pensions is offering money to not-for-profit organisations who can come up with the most creative and innovative ideas for encouraging working people to save for the future.
Officially launched by pensions minister Stephen Timms MP, this new allocation of money was first announced in September 2004 as the Pensions Challenge Fund but is now know as entitled the Pensions Education Fund, to try and educate working adults, including the self-employed, to “empower people to make their own decisions about levels of income in retirement” and improve their general financial awareness.
The DWP will work with the wider public sector, and voluntary and community groups to encourage education programme applications which reveal:
The DWP will administer the funds to trade unions, charities, trade associations and other not-for-profit organisations apply before 2 September 2005 and who are then selected by a panel of external advisers and experts.
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