Will government pension plans provide a secure future?
All UK businesses will have to offer either a company pension scheme or enrol their staff into the new National Employment Savings Trust (Nest) under government proposals revealed today. Will this help people provide for their future?
The plans will mean that at least four million workers will be able to save in a pension scheme for the first time.
Nest is due to start in October 2012, with the largest employers joining first and the smallest joining by September 2016. To be eligible, staff will have to earn at least £7,475 a year.
Ministers say the plans will mean that "work always pays" but there are concerns that the new system could potentially lead to some people losing money.
Should workers be automatically enrolled on a pension scheme? Will the plans help to solve the pensions crisis? Are you an employer? Or are you an employee? What do you think of the plans? Do you have alternative pension plans?
This debate is now closed. Thank you for your comments.