The proposals in the Department for Work and Pensions' White Paper are likely to differ very little from the National Pensions Saving Scheme (NPSS) proposed by the Pensions Commission, IFAonline has learnt.
As the National Pensions Debate kicked off this week with the presentation of industry alternatives to the NPSS, sources suggest the DWP has already made the decision to back the vast majority, if not all, of the Pensions Commission’s proposals and is incorporating those proposals into its White Paper already. Moreover, despite John Hutton, Secretary of State for Work and Pensions, assurances that "industry groups have now put forward their alternatives [to NPSS] and we will now look at the detail before publishing our White Paper in the Spring", the challenge to industry and other stakeh...
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