UK - Prime minister Tony Blair has alarmed pensions experts by indicating he plans to "redraw" the welfare state.
They fear his comments could hinder any reforms outlined in the Green Paper.
Buck Consultants senior technical services manager Kevin LeGrand said: “Blair’s comments indicate leaving state arrangements where they are and having another go in five years.
“If this is the case it means there is no consistency in pensions policy.”
Blair reportedly said: “What we have got to do is fundamentally redraw the way the 1945 welfare state settlement is implemented.
“We have got to do it for health, education, the employment and labour markets – and in the longer-term for pensions, too.”
Standard Life has increased exposure to risk assets in three out of five funds in its Active Plus and Passive Plus workplace pension ranges.
Some 48% of employers are unaware of the services or help they offer to members of their defined contribution (DC) schemes, according to Aon.
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