Summary
MERCERS, the actuarial firm, will this week warn that the days of retiring on a two-thirds of salary pension are over, as MPs begin their investigation into government plans to force all workers to save into personal pension accounts.
Stephen Haddrill, chief executive of the Association of British Insurers, will warn MPs that taxpayers could face a multi-billion- pound bill for running Personal Accounts when he gives evidence before MPs tomorrow afternoon.See the full content of this document
Extract
Workers Told to Lower Pension Expectations
He will also urge them to consider the damage government- subsidised savings will cause to the existing pensions industry.
The CBI and the National Association of P...See the full content of this document
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