Story by: Gemma Westacott, FTAdviser
Two-hundred and forty per cent more UK board members are enjoying defined benefit pension arrangements than the category covering 'all other staff', according to the seventh annual Origen Employee Benefits Survey.
Fears that people may opt out of Personal Accounts due to a two-tier charging structure are unfounded, according to Aegon UK.
One in five employees without alternative pension savings are likely to opt out of Personal Accounts, according to financial services experts at Watson Wyatt's debating forum.
Many personal accounts will only pots totalling around £2000 according to new research from Institute for Fiscal Studies.
The Personal Accounts Delivery Authority (Pada) will begin recruiting a board of trustees to manage the personal accounts scheme after its implementation in 2012 in the coming months.
Many individuals will only accumulate relatively small amounts in their personal account, according to new research from Institute for Fiscal Studies (IFS).
One in five employees without alternative pension savings are likely to opt out of personal accounts schemes, according to two-thirds of financial services experts at Watson Wyatt's debating forum.
The Personal Accounts Delivery Authority is becoming less ambitious about the numbers that will opt to save for retirement in the scheme, according to Aegon.
The shadow chancellor George Osbourne has promised to repair the current tax system, while also raising "grave concerns" over personal accounts, in a speech to the Association of British Insurers (ABI).
Fears that people may opt out of personal accounts due to a two tier charging structure are unfounded, according to Aegon.
Creating an occupational pension scheme that works is in everyone's interest
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The concoction of longevity, the A-Day simplification and the pending personal accounts all adds to the retirement planning melting pot.
Personal Accounts have great potential but can make things worse if rushed into implementation
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