The government is looking at whether it can implement super trusts alongside personal accounts to offer the public more choice.
Speaking at the National Association of Pension Funds (NAPF) annual conference, secretary of state for Work and Pensions, John Hutton, stated while the NAPF’s proposals for super trusts as an alternative to a national pension savings scheme (Npss), “don’t have all the features needed for personal accounts”, Hutton says: “we are interested in looking at whether super trusts could work alongside personal accounts to offer more choice in pension provision”. At the same time, he confirmed a national scheme of personal accounts modelled on Lord Turner’s Npss would not be run by the government ...
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