Saving for retirement
Summary
The White Paper
‘Personal
Accounts: A new way to save’ (Cm. 6975) proposed a new model for private
pension saving that would give employees the right to a workplace pension with
matching contributions from their employer and the government. The aim was to
make retirement saving the norm by designing a low cost scheme that would offer
simple choices.
This Report
‘Personal
Accounts: A new way to save – Summary of Responses to the Consultation’
(Cm. 7121) is the summary of responses to the consultation on the White
Paper.
This publication is accompanied by the Government response to the
Select Committee’s report on Personal Account pensions,
‘Report
on Personal Accounts – Government Response’ (Cm. 7122).
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Law-Making Explained
This is a Command Paper
(Cm 7121 2006-07): it is a White Paper response from the Department of Work and
Pensions.
Find out more about White
Papers.
How does it affect me?
If you work in the pension industry, have a pension or are concerned about
saving for retirement, this affects you.
The results of the consultation
on these proposals are presented in this publication.
The chapters
cover:
- Individuals and automatic enrolment
- Delivering
personal accounts
- Charges and financing Investment and accessing
savings
- Employers and private pension reform
- Compliance
Personal accounts and existing pension provision.
Read more on pensions
on the Department of Work and
Pensions website.
See more on the
‘Personal
Accounts: A new way to save’ consultation.