Written Evidence to be reported to the House
Pensions Bill
5:15 pm
Mervyn Kohler: I strongly believe that we have got to rely on information and advice here. It seems to me that to make assumptions about the circumstances of different individuals is actually a cop out when we ought to be seeking to educate individuals about their options and making them understand a bit more about the pensions regime. I understand the thrust of the question because I can see that there are going to be quite a lot of people who are in perhaps the last 10 years of their working life and have not put aside any pension funds so far. For them, it is probably not going to be a brilliant idea actually to go for enrolment into the new personal account scheme, but I would rather explain that than have them exempted unilaterally.