Pickering warns of potential damage of Npss

In his first lecture as the new chairman of the charity Life Academy, Pickering, who was the author of a government requested report into pensions simplification, says there is a danger personal accounts will become the “universal norm”. For personal accounts to work he says certain things have to be already in place, such as a labour market which is blind to age, a state pension which is “truly fit for purpose” and a regime for workplace pension provision which rewards employer participation rather than discouraging it. Only then, says Pickering, can personal accounts be “looked at as ...