Posted: July 4th, 2015

Pension

The recent pension reforms implemented by the UK Coalition government have created great debate over the potential implications for pensioner incomes and security in retirement in coming decades. You are a graduate intern at a small firm of accountants, and the Director has asked you to write a report evaluating how freedom of access and increased individual responsibility for personal retirement decisions might impact on the planning requirements of his clients considering their future security and wealth in retirement. He wants you to focus on the what these changes mean for individuals who are making decision about how to save whilst of working age , and then on those considering how to use their pension savings in retirement. He will then use this information in planning his staff and training requirements for the firm in the future.

You may refer to a range of reforms including auto enrolment, freedom of access to private pension savings, annuity choice developments and changes to state pension eligibility rules) You are also required to record a presentation of up to 5 minutes in length, which presents your key points and arguments to the Board of the firm . Sources: www.gov.uk www.pensionsadvisoryservice.org.uk www.thisismoney.co.uk www.ifs.org.uk www.pensionspolicyinstitute.org.uk www.rosaltmann.com/pensionreform.htm

Financial Times and other quality press Money management (hard copy in library periodicals section) Academic Journals – search via Library databases – Business Source Premier is a good place to start.