Ros Altmann - 2008 Pensions Act

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 (1817–1862)

    There is a distinction to be drawn between true collectors and accumulators. Collectors are discriminating; accumulators act at random. The Collyer brothers, who died among the tons of newspapers and trash with which they filled every cubic foot of their house so that they could scarcely move, were a classic example of accumulators, but there are many of us whose houses are filled with all manner of things that we “can’t bear to throw away.”
    Russell Lynes (1910–1991)