Aberdeen Asset Management publishes research into workplace pensions

Aberdeen Asset Management will today present research into UK private workplace pensions to Pensions Minister Steve Webb MP. The research by the firm, a sponsor of the Institute of Financial Planning, questioned 250 trustees, industry professionals and employers on the social, financial and regulatory structures required to support a retirement lifespan.Key findings included employers and advisers wanting a period of regulatory stability to implement auto-enrolment successfully and a desire to see tax incentives extended to more flexible savings options.It also found a desire for the development of employment patterns to accommodate people's extended working lives with increased employee involvement in retirement planning.Anne Richards, chief investment officer at Aberdeen, said: "There is no stability to the saving framework to allow people to make a long-term commitment. Ever year tax legislation changes- investors are drowning in an alphabet soup of forthcoming regulations."If we want people to save long-term, we need a long-term approach from regulators and politicians-let's get everyone committed to the same timeframe and shift the focus from process to outcome."Mr Webb said: "I'm determined to get more people saving for their future and take the hassle out of doing so. Through auto-enrolment we're making it easier for millions more people to take a long-term view and put something aside for retirement."We will be publishing ideas for how we can reinvigorate workplace pensions and make reforms to the state pension to make it simpler and clearer." • Want to receive a free weekly summary of the best news stories from our website? Just go to home page and submit your name and email address. If you are already logged in you will need to log out to see the e-newsletter sign up. You can then log in again.

Aberdeen Asset Management publishes research into workplace pensions

Related items

News from Twitter