Saving schemes 'risk' under reforms

AOL Money Staff
Coins in hand
Coins in hand

Millions of workers will be exposed to "risky", hard-to-understand and outdated retirement saving schemes under the Government's landmark reforms, former Downing Street pensions adviser Ros Altmann has warned.

More than 1.6 million people have already been placed into pension schemes under the Government's automatic enrolment initiative, which is eventually expected to recruit around 11 million new pension savers as it rolls out over the next five years.