UK - The government is under pressure to advise companies and their trustees over whether the low-paid should be encouraged to join occupational schemes.
Experts point out that under the current means-tested system, many low-paid workers with occupational pensions gain little more than the equivalent of the state pension.
One company, the food manufacturer Nestle, is already believed to have approached the department for work and pensions directly over this issue.
Insiders say the firm’s Longbenton office has also consulted with staff over the modification of its £2bn final salary scheme to exclude low-paid staff because they will not gain proportionately from any pension.
The move comes after widespread criticism from the industry that the Green Paper ignored low-paid workers and offered no incentives for them to save.
Most people think it is right that savers take responsibility to protect from pension scams.
More than 100,000 savers face being landed with huge tax bills following tiny uplifts to their pension, a Freedom of Information (FOI) reply has revealed.
Alan Pickering says politicians should have the freedom to redefine what is meant by 'absolute'