Review is no free lunch for pensions industry

Article Abstract:

The UK government's Green Paper on pensions reform contains provisions designed to encourage the 5 million people who currently do not have a personal pension or access to an occupational scheme to invest in a 'stakeholder' pension. However, there are also measures intended to ensure that the private sector does not make excessive profits from these new pensions. Fees for the stakeholder pension will be limited to between 0.5% and 1%, and this means that pension providers will have to improve their efficiency if they are to make money.

---

Pensions for low earners set to double

Article Abstract:

The UK government's Green Paper on pension reform includes plans to replace with state earnings-related pension scheme with a new 'state second pension.' This change, aimed at people who earn less than 9,000 pounds sterling a year, will benefit up to 5 million people. The government also hopes to prompt those earning between 9,000 pounds sterling and 18,500 pounds sterling to contribute to 'stakeholder pensions.' These will be supported by the government but mainly managed by the private sector.

---

Similar abstracts:

• Abstracts: Gas plant go-ahead deals fresh blow to coal industry. Electricity generators poised to sign deals with RJB UK: RJB MINING SECURES GB[pound] 700MN COAL DEAL
• Abstracts: Where the action never stops. Designs on the future. Let's take it from the top
• Abstracts: The simple key to the best schools in the nation. Wanted: more teachers in class. Potter's magic touch boosts boarding schools
• Abstracts: Me and my partner. Converted to inner city living
• Abstracts: City wary of another rise in rates. The economy will put the Blair-Brown alliance to the test. Brown: Slowdown will not force us to cut spending

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.