Pension compulsion could see a "sad ending for the most successful voluntary pension system in Europe" - that is if people get over the confusion of what pension compulsion really means, says Steve Bee.
Scottish Life's head of pension strategy makes the comment after Adair Turner's Pensions Commission report earlier this month identified compulsion as a key area for debate before the publication of the second report in Autumn 2005. Recent weeks have seen a national focus on pension compulsion as a means to solve the savings crisis. Writing on his BeeHive website, Bee says that while various polls look at whether people are in favour or against compulsion, there is some confusion as to what compulsion actually means: there are several different types. “These polls and surveys that a...
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