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A personal account will be a workplace pension
intended to complement existing workplace pension provision.
The personal accounts scheme will be a trust-based
occupational pension scheme and will be one of the automatic
enrolment schemes under the Government’s reforms. They will
be regulated by the Pensions Regulator and open to any
employer that wants to use it.
It is very important not to put off your pension planning until 2012 and you should seek advice from a suitably qualified source or start by requesting us to organise a free initial consultant with an Independent Financial Adviser.
Like any other automatic enrolment scheme, employers can offer more than the minimum
requirements through the personal accounts scheme. Read
more...
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