The death of the DB scheme, auto-enrollment, the introduction of the Pensions Accounts and a tougher tax regime moving inexorably from the mass affluent to middle income earners– are we headed for the perfect storm for pensions providers and policy holders alike? Chris Read, Chairman of pensions administration software provider Dunstan Thomas investigates.
The turn of the year and indeed the decade that came to be known as the ‘noughties’ is a good moment to look back a few years and then forwards at the implications for imminent developments in pensions and where it is all leading us. Is retirement provision, for at least one generation of pensioners, headed towards the rocks or is the light house going to switch on at the last minute and direct us all towards a safe harbour in retirement?
