Pensions, savings and investments

A small majority of employers say they support plans to introduce the automatic enrolment of employees into a workplace pension scheme.

The state pension age will need to rise to 72 over the next two decades if the government wishes to peg retirement costs to the public purse at the same level as existed in 1981.

The twin pressures of stubbornly high inflation and low interest rates could render savings accounts obsolete, it has been warned.

The very smallest employers should be exempt from the automatic enrolment pension scheme that is due to come into effect in 2012.

Proposals to increase the state retirement age for men in 2016 have been described as too hasty by the National Association of Pension Funds (NAPF).

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