Final Pensions Commission report – Makes four key recommendations it says enjoy a ‘high degree of consensus’
i/ State pension reform to deliver a simpler and more generous basic pension;
ii/ Introduction of AE to ‘strongly encourage’ individuals to save into a pension scheme;
iii/ A modest minimum level of matched employer contributions in AE schemes;
iv/ The state to play a role in setting up a National Pensions Savings Scheme, which can be used by smaller employers, and to deliver more cost effective solution. This eventually becomes Nest.
