Watson Wyatt slams gov't pension savings estimates

The new figure is based on the assessment of risk associated with the large unknown factors introduced by the Bill, such as the Pensions Protection Fund, and estimates of additional pension saving that are deemed over-optimistic. ”The DWP is looking at its own Bill through rose-tinted spectacles and has failed to respond to feedback to its initial analysis of the costs of the Pensions Bill,” Watson Wyatt (WW) states. Examples from other countries whith guarantees similar to those held out by the PPF indicate that costs are always greater than expected, in part because costs associated...