NAPF urges review of tax regime to make pensions work at work

In a new report Making Pensions Work at Work, NAPF sets out the future agenda for workplace pensions and states the government must take positive action to halt the decline of workplace pensions. Four key issues are identified in the report which include ensuring incentives are effective. The report claims current fiscal incentives for pension saving are complex, opaque and poorly understood, and as a result they are ineffective in encouraging people to save in pensions. It argues a new, more focused, fiscal regime should be developed, targeted at employers to encourage higher levels of...