Personal Accounts: A NEST of vipers?
We learned today that the introduction of Personal Accounts (the new form of Government enforced savings for retirement) will be soft launched in 2011 with volunteer employers.
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We learned today that the introduction of Personal Accounts (the new form of Government enforced savings for retirement) will be soft launched in 2011 with volunteer employers.
The FT reports today on a survey by the Association of Consulting Actuaries. The survey tells us that almost 9 out of 10 final salary pension schemes are closed to new members and that 18% are now closed to further contributions by existing members.
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