Early access to pensions may be looked at again

Steve Webb, the Liberal Democrat pensions minister has said that if auto enrolment fails in 2017 the government of the day may look again at allowing people to have early access to their pensions. Auto enrolment will start next year and conclude in 2017, it will see all employers having to enrol most of their workforce into a pension. Both employers and employees will have to make monthly payments. However there will be an option to opt out, and it is feared that many workers will decide to do just that, especially in these tough economic times, prices rising and low ...