UK. Budget 2018: Dutch-style pensions revolution could see thousands of workers pool retirement pots
Tens of thousands of workers will be able to pool their retirement pots under a pensions revolution expected to be outlined in the Budget.
Philip Hammond is expected to announce a consultation on Dutch-style pension schemes – known as “peoples’ pensions” – which will thousands of members pay into a single pot.
The approach is seen as a “middle way” between gold-plated final salary schemes, which guarantee income in retirement but can leave companies with huge deficits, and defined contribution schemes under which workers shoulder the risk of shortfalls.
Read more Telegraph
