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)
“We all haveto put it as nicely as I canour lower centres and our higher centres. Our lower centres act: they act with terrible power that sometimes destroys us; but they dont talk.... Since the war the lower centres have become vocal. And the effect is that of an earthquake. For they speak truths that have never been spoken beforetruths that the makers of our domestic institutions have tried to ignore.”
—George Bernard Shaw (18561950)