The Government's new pension policy is based upon false analysis of the modern labour market according to a report in today's Financial Times.
This accusation is levelled at the Government by the National Association of Pension Funds.
Its chairman Alan Pickering says some of the assumptions on which the policy is based are "at best only partially correct, in many cases misleading and in some cases simply wrong."
The association believes stakeholder pensions run the risk of further undermining final salary occupational schemes. Claiming that employers may use the onset of Stakeholder as an excuse to close their existing final salary scheme to new entrants.