The introduction of a National Pensions Savings Scheme (NPSS) or alternative model is not as safe as the Pensions Commission would have us believe claims Scottish Life.
It claims the publication of the Parliamentary Ombudsman’s report, “Trusting in the pensions promise”, last week into the loss of pensions for members of defined benefit schemes, highlights the serious consequences of the Government, or anyone else, providing inaccurate, incomplete, inconsistent and misleading information. Scottish Life says the Pensions Commission claims auto-enrolment into the NPSS is ‘safe’ because of the compulsory employer contributions, but it argues this is simply not true. It claims the NPSS and the various proposed alternatives all carry considerable risks of fin...
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