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Welfare Reform on the Web (November 1999): Pensions - UK

FUNDS FIND PLANS FOR REFORM 'UNHELPFUL'

S Targett

Financial Times, Sept. 9th 1999, p. 11

Results of a survey of 216 occupational pension schemes show that 51% considered the government's proposals for stakeholder pensions unhelpful. Only 16% are likely to review their main pension provision if the government forces funds to provide stakeholder pensions for those employers not covered by existing schemes.

PENSIONS NIGHTMARE

N Timmins

Financial Times, Sept. 13th 1999, p. 26

Outlines the many ways in which government plans for stakeholder pensions could go wrong. The greatest danger is that employers reduce their contributions to occupational schemes, so that, even if large numbers of stakeholder pensions are sold, in practice less money would be going into pension saving.

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