Considering the alternatives

Pensions

Today's GPP offers a far wider range of investment options than the initial GPP products, but their future depends on what shape and form the National Pensions Savings Scheme takes

In determining if there is a future for retirement saving in an employer-sponsored group personal pension, it is important to look at current and future alternatives. A group personal pension (GPP) is a collection of personal pension plans linked to facilitate payments, usually through an employer. The contract-based nature of the scheme shifted many of the risks of running a scheme, primarily the investment risk, into the hands of individual plan holders. For an employer, it was an easy way to provide employees with a pension scheme, as its primary responsibility was the collection and pa...