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So far, so good, but best not to get too misty-eyed about it yet

The Pensions Bill is the last piece of the long-term pensions reform jigsaw, following the vision first sketched out by Lord Turner in his report. From 2012 it establishes a simple and cheap national system of personal accounts for up to ten million people.

Most of those people will be enrolling in a pension scheme for the first time and at least 3 ½ to 4 million of them will be women. For many low to middle income earners with no pension provision at the moment, it could be a …

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