While the government does its best to decide whether it is ‘naïve or misleading', as suggested in the Public Administration Select Committee's report, the question outstanding is how will this affect personal accounts?
In its report, published last week, the PASC sided heavily with the parliamentary ombudsman in finding the government guilty of maladministration over the handling of occupational pension schemes. It blamed the loss of thousands of workers' pensions on the poor information provided by the government and the changes it made to the minimum funding requirements (MFR) which made occupational pensions less secure. The government, however, has denied all responsibility on both reports, saying the changes to MFR made no difference to the security of worker’s pensions, and the communications an...
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