Standard Life has approached the Pensions Policy Institute to see if they will review and endorse the research it submitted as a response to the pensions white paper consultation.
John Lawson, head of pensions policy at Standard Life, says it is hoping the PPI will be able to validate particular parts of its research, including the calculations about those who will not benefit from the proposed personal accounts, and also whether the PPI has a better source of underlying data for the calculations. In its submission to the Department of Work and Pensions (DWP), Standard Life suggests if personal accounts are introduced with means-testing still in place, the system will be ‘unsafe’ for about 60% of the planned target market. While Standard Life is confident of its ...
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