Getting a consensus on Pensions

It doesn’t want crucial changes overturned on a change of Government or torpedoed by dissatisfied factions. The announcement that automatic enrolment into group personal pensions (GPPs) will be available under the Personal Accounts regime demonstrates the power of consensus. This is an enormous step in ensuring a level playing field for companies with good existing pension arrangements looking for exemption from offering Personal Accounts. The alternative was an unsatisfactory fudge. A straightforward exemption for GPPs without automatic enrolment might be considered an easy way for ...