Aviva fears "one size fits all" pension reform

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Aviva fears blanket pension reform will lead to employers switching to Personal Accounts post-2012, just to avoid the burden of extra administration.

In its response to the Government's consultation paper, Workplace Pension Reform - Completing the Picture, Aviva says, while it broadly supports the proposals, it is concerned good existing schemes will fall foul of a "one size fits all" approach. Paul Goodwin, head of pensions marketing at Aviva, says: "The latest DWP consultation includes some encouraging changes from the previous draft, but we remain concerned that it will impose a "one size fits all" pension regime. "Our major concern is certification - employers will face considerable administrative burdens to prove their existin...

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