IMA calls for pension calculator user auto-enrolment
www.moneynews.co.uk > Pensions > IMA calls for pension calculator user auto-enrolment
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IMA calls for pension calculator user auto-enrolment
Fri 13th Aug 2010
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The Investment Management Association (IMA) has called on the government to set up a scheme whereby everyone will be automatically included in a programme that will get them to save for later in life.
However, it believes that there is only one way that the government will be able to do this cost-effectively.
"We believe there is currently no alternative to NEST that can deliver the desired depth of coverage for the target market at a comparatively low cost," said Jonathan Lipkin, head of research at the IMA.
But the company added that such a scheme should not be looked upon as an alternative to a private fund.
It follows the report from Moneymaxim.co.uk that people approaching retirement need to reassess how much money they think they will have when they leave work.
Click here for more pensions news
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