NPSS is unlikely to deliver the goods

pensions

The proposed government pension vehicle should provide low-risk low-cost pensions but may not offer the flexibility, choice and performance that current products do

The Department of Work and Pensions (DWP) White Paper sets out the Government's proposals for tackling the pensions crisis. Encouraging everyone to save for retirement is a welcome move, as is the Government's endorsement of workplace pensions. The National Pensions Savings Scheme vehicle or personal accounts, appear to be the favoured vehicle to provide a simple way for people to take responsibility for building their retirement income. The system of personal accounts does not seem to be very different to stakeholder schemes or group personal pensions, so why does the government not look...