Personal accounts 'will make provision worse' - Altmann

She says the Government's claims of the benefits of Personal Accounts would not stand up to scrutiny from the FSA if they were being offered by a private pensions firm. Pensions expert Altmann says the Government's recent report, suggesting almost everyone will be better off by saving for their retirement, is fundamentally flawed. The Government says the majority of people using Personal Accounts would receive £1 back at retirement for every £1 invested to day, discounting employer contributions. However, Altmann says even this 'unambitious' returns target will only be achieved if the...