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)

    “Spirit is now a very fashionable word: to act with Spirit, to speak with Spirit, means only to act rashly, and to talk indiscreetly. An able man shows his Spirit by gentle words and resolute actions; he is neither hot nor timid.”
    —Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)