Default option timebomb
Employers and the government face a massive pension mis-selling scandal if personal accounts fail to deliver attractive returns, an expert warns.
Pensions Institute senior visiting fellow Debbie Harrison believes it is likely 99pc of workers will choose the default investment option when personal accounts are introduced in 2012. Harrison said:...
Latest stories
Savers are ultimately responsible for their own decisions, says industry
Most people think it is right that savers take responsibility to protect from pension scams.
GMP equalisation could land DB members with six figure tax bill
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.
Our politicians should help us simplify the system
Alan Pickering says politicians should have the freedom to redefine what is meant by 'absolute'
Back to Top