Industry has its say on Pensions White Paper

unspecific generic information, the knock-on implications and existing savers losing out are just some of the concerns raised after the white paper

With the deadline for industry responses to the Government's Pensions White Paper now passed, Investment Week has collated responses from major life offices and industry bodies. FSA Inevitably, generic information cannot be specific to an individual and will have to make assumptions about things like the cost and level of debt that may make personal account saving unsuitable. Decisions that individuals make based upon generic information will not always be right. For some people the minimum contributions set out in the White Paper may not provide the level of income in retirement that ...