Low take up rate will lead to personal account failure - UPDATED

clock

Around 80% of employers intend to keep their existing pension scheme in place with only 2% planning on offering a pure personal accounts option, Punter Southall research reveals.

The consultant's said its survey - which interviewed HR directors, finance directors, and pension managers from over 300 companies - revealed personal accounts were likely to be a failure when they...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Employee Benefits

WSB Awards 2025: Shortlists revealed!

WSB Awards 2025: Shortlists revealed!

The winners will be unveiled on 10 September at an event at the Marriott Grosvenor Square

Workplace Savings & Benefits
clock 02 July 2025 • 3 min read
First Actuarial adds healthcare to its employee benefit service range

First Actuarial adds healthcare to its employee benefit service range

Consultancy’s launch follows client demand for a ‘one-stop shop for employee benefits’

Jonathan Stapleton
clock 22 May 2025 • 1 min read
Most employers offering pensions cash alternative, WTW finds

Most employers offering pensions cash alternative, WTW finds

Three quarters offer alternative to pensions for employees restricted by AA, WTW finds

Jasmine Urquhart
clock 18 March 2025 • 2 min read
Trustpilot