Getting personal

The Pensions Bill issued at the start of December is the eighth in the last twelve years. Add in the numerous Finance Acts which also introduce changes to pensions, and it is clear that retirement saving in the UK is not being given the long-term view which is necessary. However, it is important not to ignore this Bill as it introduces very significant changes to the UK savings market. From 2012 all employers will have to automatically enrol most of their staff into either a personal account or an alternative good quality scheme - doing nothing will not be an option. This is a sea-change ...