Workplace pensions 'stabilising'
Workplace pension provision is stabilising after a number of years of change, according to new data from National Association of Pension Funds (NAPF).
The organisation's latest annual survey also suggests that 40 per cent of private sector respondents with open defined-benefit schemes expect no changes to be made to pension arrangements over the next five years.
Commenting on the findings, Joanne Segars, NAPF chief executive, states: "While the overall picture shows stability in the pensions landscape, the operating environment will be radically changed in the years ahead."
The survey also suggests that 75 per cent of schemes believe the 2012 pension reforms - which include the introduction of personal accounts - will have an effect on them.
In related news, pensions firm AEGON recently stated that it welcomes the personal accounts delivery authority announcement that a consultation will take place with regard to the charging structure for the new pensions system.
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