The Government needs to conduct further research into whether people on benefits would benefit by auto-enrolling in personal accounts, the Pensions Policy Institute (PPI) says.
The PPI says the Government's work programme will need to shed light on the numbers of people who face the risk of being auto-enrolled into pensions savings when it may not be suitable for them. Another area of uncertainty, according to the PPI, is the possible effectiveness of generic advice at helping individuals make the right decision about staying in or opting out of saving in a pension. The PPI says: “People will need clear information to help them decide whether they should stay in or opt out of saving. "The question is whether information alone can be clear enough, or whether ot...
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