Pensions Minister Mike O'Brien has reiterated personal accounts will complement rather than replace existing pension provision.
Speaking at the National Association of Pension Funds (NAPF) autumn conference, O'Brien says the Government will encourage increased participation in pensions across the board. He says this will be achieved through delivering stability, effective regulation, providing clarity to the consumer and restoring confidence amongst a sceptical public. He adds personal accounts will play a key role in creating confidence in saving and says the Government must deepen the consensus among political parties and within the financial services industry to restore the public’s confidence. O'Brien says: “...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes