Pensions Reform 2012

The Government is making widespread pension reforms from 2012.

It is estimated that around 7 million people are currently under saving or not saving at all for retirement. As a result, the Government is putting the onus on employers to help encourage more people to save.

Even if we see a change of Government before 2012, all political parties have acknowledged the need for change, and have given their support to implementing the reforms.

There will be four main areas of reform, please click on the links below to view full details:

• The introduction of "Personal Account" Pensions
• Increases to the State Pension Age
• Changes to the State Pension and Pension credits
• Changes to the State Second Pension (S2P)