Story by: Joy Dunbar, Financial Adviser
Early access to pension funds before investors reach retirement age should be debated at the next general election, according to Adrian Boulding, wealth policy director for Legal & General.
The part nationalisation of banks has raised questions about whether Personal Accounts should be subsidised by the government, according to Standard Life.
Pensions reform alone cannot solve a looming pension crisis caused by the baby boomer effect, according to Dr Ros Altmann.
Legal & General revealed the government was persuaded to allow employers to self-certify their schemes as suitable for automatic enrolment, after industry bodies met with ministers.
New cost-effective pension approaches must be developed to enable employers to continue to offer quality pension schemes despite the ongoing harsh economic climate.
There is still substantial confusion between employers and their workforces when it comes to personal accounts, according to research from JLT Benefit Solutions.
The Pensions Policy Institute (PPI) is calling for ethnic minorities and the disabled to be a fundamental part of the government's plans when it launches auto-enrolment into company pension schemes in 2012.
Tim Jones, the chief executive of the Personal Accounts Delivery Authority (PADA), is to speak at the Tax Incentivised Savings Association's (Tisa's) retirement savings challenge conference later this month.
A large number of British firms are failing to make provisions for personal accounts, despite their introduction looming.
Employers are to be able to 'self certify' that their company pension schemes meets the quality standard, under new reforms announced today (6 November).
Away from personal accounts, employers will have more responsibility placed on them
Advertising
Increasing reliance on money purchase pensions is bringing out their shortcomings, suggests John Chapman
New research reveals companies will cut pension provision when Personal Accounts is introduced.
Location: London
Salary: £50000 - £60000 per annum
Location: London
Salary: £25000 - £30000 per annum
Location: Leeds
Salary: £40000 - £50000 per annum