The Government must cut the regulatory burden on pensions as well as introducing personal accounts if pensions reform is to be successful, according to the National Association of Pension Funds (NAPF).
At a debate today at the NAPF’s Professional Pensions Show, the association’s director of policy Nigel Peaple says personal accounts only make up one part of the necessary pension reforms. He says aside from personal accounts, the Government must reduce the regulatory burden on today’s pensions and ensure individuals understand the auto-enrolment options for personal accounts. “Given the high employer contributions usually associated with existing provision, the NAPF supports the Government’s rethink of pensions regulation,” Peaple says. Other panelists at the conference included the ...
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