Personal accounts will not replace workplace schemes - PADA

Speaking to IFAonline's sister title, Professional Pensions, Tim Jones says that the PADA is committed to building a scheme that will plug an existing gap in provision, noting that millions of people are currently excluded from occupational workplace pension schemes. He points out that these workers tended to be those on low earnings, working part-time or on short-term contracts and that small employers are often not a very profitable prospect for private pension providers. His comments come in response to criticism of the savings scheme that aims to provide occupational pensions to e...