'Partnership pensions': the ABI proposal

Responding to a challenge issued by Stephen Timms, Minister for Pensions Reform in December, the ABI’s proposals suggest the introduction of portable personal accounts for employees, supported by auto-enrolment and employer contributions. Similar to the NPSS, the “Partnership Pensions” would auto-enrol employees either into their own existing “good” company pension scheme, or into the “Partnership Pensions”, with the ability to opt-out if they wish. If an employee is enrolled into the “Partnership Pensions”, they will have a unique number for their personal account which they will car...