UK - Lord Adair Turner has staunchly defended the Pension Commission's proposal for a National Pensions Savings Scheme (NPSS), claiming that in the long term it will be cheaper than the models proposed by the Association of British Insurers' (ABI) and the National Association of Pension Funds (NAPF).
Each model has embodied automatic enrolment but the original NPSS proposal, set out in November 2005, would create individual accounts held within a single nation scheme. The ABI proposal, equall...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
