Reforming pensions radically

Pensions reform will radically change saving for retirement. The first phase will give people greater access to the state pension and a better base for additional saving. The second, through automatic enrolment and mandatory employer contributions, will increase the number of savers and the number of employers making contributions. To make pensions reform work, the Government has also introduced a new state-initiated workplace pension scheme, personal accounts. This occupational scheme has been specifically designed to reach the places the current market doesn't, to micro employers who ...