Workers 'can't afford 4% personal accounts contribution'

According to research by B&CE Benefit Schemes, 28% of workers say they can’t, or don’t know if they can, afford the contribution, compared with 19% in a similar study in February. B&CE says general support for the scheme, set to be introduced in 2012, remains strong but adds only a third of workers believe it will provide a reasonable retirement income. John Jory, deputy chief executive at B&CE, says: “When money is tight there are always more pressing things to do with your wages than put it in a pension. “So the Government should be applauded for taking action that supports savers. The...