Npss could see 80% of schemes level down

A survey of 750 employers carried out by Deloitte and sponsored by insurers Aegon, Axa, Scottish Widows and Standard Life, suggests most models for delivering the planned personal accounts would undermine existing savings. Findings suggest while the reforms will mean more people are saving for retirement, those who are already saving adequately could end up with a lower retirement income if they move jobs and receive the lower contributions from personal accounts. The survey claims the most likely outcome of the reforms is existing schemes will keep the current contribution levels for e...