Providers wary of Gov't pension plans

In today's Pension Bill, the Government also announced its intention to raise the retirement age to 68 by 2050 and restablish the link between earnings and the basic state pension. However, it is the plans for personal accounts which have been the focus for providers. Research by the Pensions Policy Institute(PPI) claimed there are several categories of people who may not see huge benefits from the accounts. Niki Cleal, director of the PPI, singled out people with extended periods of self-employment, those who take career breaks, those in the lowest wage brackets and people neari...