Personal accounts 'will tackle pensions saving' by Finance News Bulletin
Published: 16/02/07
John Hutton, the work and pensions secretary, supposed yesterday that automatic enrolment to personal savings financial records will help people prepare for their departureMr Hutton said that it is vital that the "culture of under-saving" is tackled and that the administration believes routine enrolment will help to do thisThe Department for Work and Pensions also argues that routine enrolment has public support as it highlights a recent retirement fund debate which found that 72 per cent of the British public felt that routine inclusion should be the norm, with people provided with the opportunity to 'opt-out' of the routine systemAlso commenting on the investments accounts at the launch of a pensions consultation, James Purnell, the pensions reform priest, said that the "radical reforms" could allow ten million people benefit from the novel economys account system
"Getting more people economy is crucial to avoiding a pension disaster in the future People recognise that they need to put aside more," he addedJohn Hutton was elected to assembly in 1992 representing Barrow and Furness, before which he was a senior lecturer in law at the institution of higher education of
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