Financial Times FT.com

Pension plan delayed to avoid ‘Terminal 5’ start

By Nicholas Timmins, Public Policy Editor

Published: October 4 2009 19:52 | Last updated: October 5 2009 13:42

The risk of a “Terminal 5”-style launch should be avoided at all costs when the government introduces its new system of personal pension savings, the pensions minister said.

Millions of employees are due to be enrolled automatically into a pension scheme, with up to 1m employers having to contribute for the first time, a transition Angela Eagle described in an interview as “a huge, huge task”.

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