A compulsory corporate pension plan is "not suitable" for some staff members, especially those 50 and older and who significant debts, according to a Prudential-sponsored report from Britain's Pensions Policy Institute.
That assertion comes amid UK's new pension regulations, which liberalize how people are able to spend their pension funds.
The Pensions Policy Institute Report said that while "the vast majority" of older workers will benefit from a mandate for employers to pay into a pension for their employees, there is a segment of workers older than 50 who should reject the offer of a pension from their employers.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
