Joanne Hindle
NatWest Life Assurance (From Issue 6,January 1999)
The long – awaited Government plans for pensions reform, including the introduction of Stakeholder Pensions, were published at the end of 1998. What are the key features of the proposals?
Politicians from all sides have long recognised the need to reform the UK’s pension system. As the population ages, the state’s pension bill rises. In order to keep taxes down, the value of state pensions has been allowed to dwindle in relation to earnings. Private pensions are widespread, but there are still large numbers of people with inadequate provision. The current edition of the NatWest Pensions Index (September 1998) shows that only one in five people are on track to receive £192 a week. That is the minimum amount which people who are retired today say is necessary for a comfortable retirement.
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The Trust Quarterly Review is published in partnership with STEP, it discusses matters of interest to trustees and executors with a focus on the particular interests of trust corporations in mind
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