Does the Pensions White Paper provide a long-term solution?

The article presents information about the Pensions White paper published by the Pensions Commission, which was set up to review the system of private pensions and long-term savings in Great Britain. One of the key recommendations of the Pensions Commission was the National Pension Savings Scheme. It is speculated that the national scheme will be ready for operation in 2012 and membership will be automatic for employees. Under the current proposals, The Government has ruled out the simple test of residency to qualify for the basic state pension proposed by the Pensions Commission.