The Association of British Insurers (ABI) believes there is no one perfect model to copy, but that there are ‘useful lessons' to be learned from pensions policies around the world in order to address the UK savings gap.
Speaking at a seminar hosted by the ABI yesterday, Nigel Peaple, ABI policy adviser on pensions and savings has said that there are various lessons the UK might consider as its pensions debate continues. Peaple, the author of a report titled 'UK Pension Reform – Lessons from Abroad', concludes there is no "one-size-fits-all" solution waiting ready-made in any other country. He argues pension arrangements need to be structured to suit individual circumstances within a country. He also dispels the idea of compulsion as an immediate solution, arguing compulsion on low earners may take mo...
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