Third of firms will restrict schemes as result of personal accounts - UPDATED

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PERSONAL accounts will lead to pensions apartheid and a general leveling-down of pension contributions, a major survey by the Association of Consulting Actuaries reveals.

The trade body’s 2007 pension trends survey – which collected responses from over 330 employers with scheme assets of over £127bn – found 76pc of firm’s said that the proposed reforms would lead to...

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