Pension reforms need more work - SPC

In its response to the white paper consultation, which closed on 11 September, the president of the SPC, Mark Ashworth, says the white paper reforms are not much more than a good starting point. The SPC points out more still needs to be done to create a system “under which companies would be encouraged to provide good occupational schemes and the population as a whole would be urged to start saving for retirement from a sufficiently young age”. Ashworth says one of the biggest criticisms the SPC has with the white paper is “that savers may be misled”, as the government suggests the prop...