Pensions, savings and investments

Workplace pension schemes are in danger of failing to provide adequate retirement incomes, it has been claimed.

The new government-backed compulsory pension programme, due to come into effect in 2012, needs to take more account of temporary workers, it has been claimed.

The number of households that are using their money to pay down debts or to boost their savings is on the increase and could be having an adverse effect on the economic recovery.

A combination of low interest rates and rising inflation means that savers are likely to see even poorer returns on their money.

The low profile given to plans for the introduction of personal accounts pensions, the government-backed workplace savings scheme, in the pre-Budget Report has created an element of confusion, the Commons Treasury Select Committee has heard.

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