Personal Accounts won't save pensions

The Scottish Widows study, jointly undertaken with Deloitte, found few people are prepared to boost their retirement income by working beyond 65, even though it could significantly increase their income. The paper also claimed most employers would adopt the Personal Account if it was cheaper than their existing staff pension scheme, meaning workers could be worse off. According to the research, less than a quarter of employers would retain their existing schemes after 2012, when the Government plans to introduce the Personal Account. Most will instead offer employees contributio...