2008 Pensions Act
Altmann is highly critical of the UK's new pension savings scheme, National Employment Savings Trust or NEST. She fears the advice will be inadequate and many lower-paid workers will be automatically enrolled into a scheme which will provide less than the means-tested benefits they would receive anyway. She doesn't think most people can save enough and says those entering retirement should be encouraged to work part-time so their pensions top up their earnings.
Read more about this topic: Ros Altmann
Famous quotes containing the words pensions and/or act:
“Many old people receive pensions for no other reason, it seems to me, but as a compensation for having lived a long time ago.”
—Henry David Thoreau (18171862)
“Raising a daughter is an extremely political act in this culture. Mothers have been placed in a no-win situation with their daughters: if they teach their daughters simply how to get along in a world that has been shaped by men and male desires, then they betray their daughters potential But, if they do not, they leave their daughters adrift in a hostile world without survival strategies.”
—Elizabeth Debold (20th century)