Public supports industry pensions solution - ABI

The ABI’s survey of public views about pensions and savings – Personal Accounts: What Consumers Want – reveals strong support for the basic features of the proposed personal accounts. It says 65% of respondents said employers should be required to contribute to the proposed personal accounts, as it would encourage individuals to save for retirement, while 12% felt employers should not be compelled to contribute. But the ABI believes expectations of the new pensions system would be difficult to meet under the National Pension Savings Scheme (Npss) model, as 70% of respondents said they w...