Pensions Update

The Government has revealed further details about its new saving scheme by giving its response to the White Paper Personal Accounts: a new way to save which was published last December. The Personal Accounts saving scheme is to come into force in 2012 and is intended by the Government to combat the current failure on the part of many people to save adequately for their retirement. The introduction of the scheme means that millions of those on moderate to low incomes will be given the opportunity to save for retirement. Those eligible under the scheme will be automatically enrolled...