The government needs to confirm whether proposed personal accounts will be classed as an occupational scheme, and if so what level of consumer protection will be built into the scheme.
Steve Bee, head of pensions strategy at Scottish Life, is continuing the ‘Battle of the Blogs’ with James Purnell, the Minister for Pensions Reform, by publishing his latest message sent to the Department of Work and Pensions (DWP) website where Purnell publishes his own blog. Following on from the discussion last week over whether means-testing is actually a 40% tax on savers, Bee is challenging the Minister over suggestions the DWP has admitted at a summit meeting that personal accounts would be classified as occupational rather than personal pensions. If this is true, Bee suggests it ...
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