Voters back personal accounts says government

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The concept of personal pension accounts has been broadly welcomed by the public, according to the government.

It says the main findings from focus group interviews conducted around the country show approval for the concept of automatic enrolment into the accounts as a good way of solving the savings gap. Moreover, the government says the majority of focus group participants saw an employer contribution as an important incentive to save in a personal account. The research, conducted by the Ipsos MORI Social Research Institute, adds the idea of a default fund was well-received, as was the proposal for a national pension savings scheme, with centralised administration, collection and investment of ...

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