Simon Goldthorpe, director at Beaufort Asset Management, explains what needs to be done to make the biggest shake-up in UK pensions in years a success...
The announcement by the Department for Work and Pensions (DWP) on 20 September marking the formal launch of automatic enrolment was picked up by some national newspapers, mainly because of headline-grabbing comments by Ian Duncan Smith and Steven Webb. We know Duncan Smith has become a distinguished social reformer, while the latter has stuck manfully to his dogmatic Liberal Democrat mission, as well as being the longest serving pensions minister in the modern era. The government has called auto-enrolment the biggest shake up in UK pensions for more than a hundred years, with in exces...
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