ACA promotes risk-sharing model over NPSS

Prompted by a House of Commons adjournment debate on pensions reform -scheduled for tomorrow - the ACA says better incentives to encourage employers to offer good low-cost schemes which share risks between employers and employees should feature in the new reforms as an alternative to the NPSS. Adrian Waddingham, chairman of ACA, says the organisation initially wanted to “chew over” the NPSS proposal when the Pensions Commission report first came out, but adds the ACA has grown more alarmed as each day has passed. ACA claims defined contribution (DC) arrangements of this type, even with ...