The effects of personal accounts on the pension landscape

The most important factor in determining the size of an employee pension is the employer contribution, so it is necessary to ensure that employers stick with their current provision

There is no doubt that when personal accounts are introduced in 2012, they will have an effect on existing pension provision - both individual and workplace arrangements. But exactly what this effect will be, how large or how small, and whether it will be widespread or not, is yet to be answered. But as the discussion on personal accounts progresses, we are forming a better picture of how they will fit into the overall pension landscape. The Government launched its pensions reform programme as a direct follow on from Turner's Pension Commission reports over the past few years. The first st...