personal accounts
The government has yet to develop a grand vision for pensions and should be prepared to resort to compulsion if auto-enrolment fails, experts say.
Some employers might be reluctant to get on board with changes to employment legislation, particularly when it comes to pensions.
The number of people saving into a company pension scheme has fallen from 6.3 million to 3.2 million since 1991, the Office for National Statistics (ONS) says.
Other personal accounts articles
Around one third of employees will opt out of pensions when auto-enrolment comes into force after 2012, Legal & General (L&G) says.
It is impossible to say how long the 2% charge on National Employment Savings Trust contributions will last for, the Personal Accounts Delivery Authority says.
Early adopters of the National Employment Savings Trust (NEST) are facing a poor deal due to high charges, industry experts say.
The National Employment Savings Trust (NEST) will charge 2% on all contributions, the Government has confirmed.
Magnus Spence, director at Spence Johnson, says a growing DC market in the UK could open up opportunities for advisers.
The rebrand of personal accounts to NEST will not prevent the dangers underpinning the government-backed pension scheme, warns independent policy adviser Ros Altmann.
The National Employment Savings Trust - NEST - has been unveiled as the new brand name for Personal Accounts.
Great-West Retirement Services (Europe) has withdrawn from the competitive dialogue process for personal account scheme administration services.
Chancellor Alistair Darling is expected to delay the introduction of Personal Accounts for a year as part of spending cuts in the Pre-Budget Report.
Engaging with the employer community will be one of the most significant aspects of the next few years leading up to 2012, says The Pensions Regulator (TPR) employer compliance regime programme manager Charles Counsell, talking to Giovanni Legorano at the Professional Pensions Show this week.
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