NPSS too risky for low-earners - ACA

In its response to the challenge issued by the Government to come up with an alternative to the NPSS, the ACA says the model; proposed by the Pensions Commission, may extend pension coverage, but would open up lower income groups to 100% investment risk. Instead, the ACA proposes the promotion of risk-sharing schemes, and better support to occupational pension schemes, to protect individuals from the investment risk inherent in the NPSS. The ACA highlights the investment risk to individuals by questioning the figures relating to the target pension income, outlined in the Pensions Commiss...