New 'opt-out' pension scheme could cause 'false sense of security'
The new 'opt-out' pension scheme where employees are automatically enrolled in to saving for their retirement could cause a false sense of security among savers, says Ros Altman:
– Dr Ros Altmann, Director-General of the Saga GroupI see a real danger of people being lulled in to a false sense of security. A lot of people have no idea just how much you need to save to provide a decent pension.
Auto-enrol pensions - do the figures add up for you?
Looking at hard cash, the pensions "boost" may not appear quite so big.
What does the new pension scheme mean to you?
The largest shake-up of the pension scheme in more than a century is rolled out today. But what do the changes mean to you?