Ministers look as though they are going to bow to industry pressure over the level of contributions for the proposed personal accounts.
The Pensions Commission had recom-mended a contribution cap of £3000 but ministers felt this was too low and proposed £5000 – prompting concerns that personal accounts could undermine existing occu...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date