A pensions commentator has predicted that prime minister Tony Blair's support for the proposed national pensions savings scheme "could well prove to be Blair's greatest legacy".
Earlier this week, Mr Blair announced that he would be stepping down from his position on June 27th 2007 following more than ten years in power.
As a result, political commentators across the UK are currently reappraising his influence on domestic decisions such as NHS waiting lists and immigration rules and foreign policies such as invading Iraq and Afghanistan.
However, Peter Vicary-Smith, chief executive of consumer group Which?, has suggested that his efforts to launch a comprehensive new pensions project may ultimately overshadow all other achievements.
Specifically, Mr Vicary-Smith praised the prime minister for "rejecting an illusion of choice and instead delivering a simple, low-cost and honest scheme that will provide affordable pensions for all for the first time".
The new pension scheme is expected to be rolled out in 2012.
Featuring automatic enrolment for the majority of full-time professionals in the UK, it is designed to encourage workers to boost their retirement savings rather than relying solely upon the basic state pension.
Pensions analyst praises prime minister for retirement scheme
Pensions Quote Line
0845 108 0505
Pensions analyst praises prime minister for retirement scheme
Fri, 11 May 2007
Recommended links
What you need to know about pensionsPensions quick enquiry form
Planning for your retirement
Types of care in old age
Making a will
Today's mortgage providers
Homeowners consider downsizing to fund retirement
Consider savings accounts instead of pensions
Pensions.co.uk is part of a large network of financial sites created to help advise you on life events, such as buying a house, Mortgages.co.uk; insuring your car - CarInsurances.co.uk; your life - LifeInsurance.co.uk; and your home - HomeInsurance.co.uk.
1998 - 2008 UK Pensions - Planning before, at the onset and during retirement.
| pensions news |
|---|
| Government will protect pension holders - Tue, 06 Jan 2009 |
| Pension investors told to consider hotel rooms - Wed, 24 Dec 2008 |
| Pensioners will see a boost to their income - Mon, 15 Dec 2008 |
| More News |
Pensions Newsletter
Please enter your email below and subscribe to our monthly newsletter
Save on Your Mortgage
Would you like to save money on your mortgage? Fill out our quick mortgage enquiry form.
Protect Your Health
Find Critical illness, Life and Private Medical Insurance PMI policies.