White paper needs state and private pension reform

It says state reforms will also have to answer two key questions, namely will they create a platform on which a Npss can operate successfully, while removing disincentives to save, and do they deal effectively with women and carers. Scottish Widows adds all proposals for state reform and models for a Npss need to improve both access to pension saving and the adequacy of savings to ensure it will meet future retirement needs. The insurer points out while a Npss will improve access to private pension saving for some people, especially with the idea for auto-enrolment, a large part of the ...