Fund management

Time to reinvigorate UK occupational pensions

Stuart Southall, chairman of Punter Southall, says it is time the UK government delivered on a pre-election promise to reinvigorate occupational pensions. A flat-rate state pension, if adopted, and Nest, the coming auto-enrolment scheme aimed at low-earners, will not be enough to ensure adequate retirement provision. In addition, Nest is a defined contribution scheme which means employees will bear all the risk even though they will be ill-equipped to do so.