A compulsory corporate pension plan is "not suitable" for some staff members, especially those 50 and older and who significant debts, according to a Prudential-sponsored report from Britain's Pensions Policy Institute.
That assertion comes amid UK's new pension regulations, which liberalize how people are able to spend their pension funds.
The Pensions Policy Institute Report said that while "the vast majority" of older workers will benefit from a mandate for employers to pay into a pension for their employees, there is a segment of workers older than 50 who should reject the offer of a pension from their employers.
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