Group Personal Pension Schemes More Attractive?

The following article is a very interesting read on the Government’s proposed changes for charges to auto-enrolled employees to compliant pension schemes. What the article has failed to answer is if employees are not paying the charges for their employer’s advice with regards compliance with the Pensions Act 2007, who will pick up the bill? This may make Group Personal Pension Schemes more attractive as a compliant alternative to the National Employment Savings Trust (NEST). It is important that all pension savers are given best practice advice to ensure that the investments their pension savings are making are correct with their attitude to risk and they are aware of how much they need to save to meet their financial objectives in retirement.

This information is intended to provide a general review of certain topics and its purpose is to inform but not to recommend or support any specific investment or course of action. The tips may not apply, or be suitable, to everyone and you should contact us for advice if you are unsure whether this is the case.