NAPF: Early access renders pensions 'a quick fix'

The government is keen to consider early access in a bid to encourage more people to save for their pensions, and consulted on the idea earlier this month. But NAPF figures suggest more than four in ten scheme members would not save any more money despite having premature access to their pot. "People will be tempted to dip into their pensions as a quick fix and instead end up with a serious, long-term problem years down the line," NAPF CEO Joanne Segars says. "Auto-enrolment is a much better way of boosting pension saving, and the government should focus on getting that right, rath...