Occupational pension schemes are still an attractive option

Pensions

Despite the added flexibility and wider investment choice that personal pensions offer, most people should invest in their occupational scheme unless there is a good reason for opting out

A-Day means that for the first time providers, advisers and clients will be faced with a single pensions regime. There will be no difference between contribution levels or benefit levels for personal pensions and occupational schemes. It will be a level playing field - so how will individuals choose which way to go and what should intermediaries be taking into account when advising them? When making the case for a personal pension, it is the involvement of the employer and their willingness to contribute that really makes the difference. Drastic changes in working patterns and lifestyles, ...