UK - Only one in five pension managers and trustees are concerned about the potential impact of the National Pensions Savings Scheme (NPSS) on occupational pensions, a survey by Punter Southall has found.
Out of the 60 trustees and pensions managers surveyed, 21% felt the NPSS would cause a levelling down of contributions to 3%, and only 12% of that group thought the NPSS would encourage employers to close their defined benefit schemes altogether.
Punter Southall chief executive John Batting said the survey showed fears over the NPSS were largely misplaced or distorted.
“The results of this survey suggest that the NPSS may not have as significant an impact on occupational pension schemes as has been suggested,” he said.
“New regulatory and funding requirements present much greater challenges to occupational schemes than would the introduction of the NPSS.”
By Damian Clarkson
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