White paper success hinges on compensation issue

Addressing the All-Party Parliamentary Group on occupational pensions, Dr Ros Altmann, an independent policy adviser on pensions, added it would also be “utmost folly” to introduce a personal accounts system without first reforming the state pension. In her presentation, she says: “The white paper is trying to encourage people to take responsibility and start building a savings culture, but this is what the people who’ve lost their pensions did do, and if this issue is left unresolved the white paper will not succeed as confidence and trust are the issues at the heart of this.” Altmann,...