Government wake-up call

Dear Editor, The Association of Consulting Actuaries' 2008 Small Firms Pension Survey contains some illuminating information about employers' intentions following the introduction of personal accounts. For example, two thirds of employers expect levelling-down of pension contributions and more than half of employers say that their scheme does not pass the exemption test contained in the Pensions Bill. This survey should act as a huge wake-up call to the Government. The Government's own surveys, conducted by research organisations with no background in pensions, suggest that all in the...