The government would like to see the arrangements for low cost personal accounts to be kept at "arms length" from the state when more details are released in a technical paper scheduled for the Autumn, claims the Minister for Pensions Reform.
Speaking at the annual Trades Union Congress (TUC) member trustee network conference: Pensions from Reform to Reality, James Purnell, who was appointed to the post just last month, says the white paper, published over a week ago, is just the start of reform. He points out important implementation details for a National Pension Savings Scheme (Npss) and transitional arrangements for small employers to make the compulsory contributions still need to be considered. Answering questions from trade union representative and pension trustees, Purnell admitted the details of the Npss is “one of ...
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