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)
“Predictions of the future are never anything but projections of present automatic processes and procedures, that is, of occurrences that are likely to come to pass if men do not act and if nothing unexpected happens; every action, for better or worse, and every accident necessarily destroys the whole pattern in whose frame the prediction moves and where it finds its evidence.”
—Hannah Arendt (19061975)