Personal accounts will not reduce employee benefits - Myners

Speaking at the National Association of Pension Funds (NAPF) autumn conference today, Myners dismissed fears the scheme could lead to employers ending their existing schemes and levelling down benefits. He says: “Although this is a risk that needs to be carefully managed it is not a reason to step back from reform. To do so would be to deny millions of people real access to a meaningful workplace pension for the first time. “As the Pension Commission said 56% of the private sector workforce, including self employed people, currently has no occupational or private pension provision to su...