BritSaver more appealing than NPSS, says PPI

The PPI’s report – NPSS policy and design choices – also concludes that inadequate state pension reform would threaten the success of the NPSS. The only other country to be planning for a national auto-enrolment scheme is New Zealand, which has a high universal state pension and only around 5% of pensioners means-tested for their basic income. Alison O’Connell, director of the PPI, says: “That raises alarm bells for the NPSS in the UK as, even after the Pensions Commission’s proposals have worked through, eligibility for Pension Credit would remain at around 45% of pensioners.” She...