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Fears raised over IT delivery capabilities

The government is ill-equipped to build the IT systems required to underpin the proposed National Pensions Savings Scheme (NPSS), experts have warned.

The Pensions Commission recommended creating a scheme built around two IT-dependent government operations: a pension collection system, into which all employer and staff contributions would pass; and the NPSS system itself, which would distribute the funds collected among fund managers and manage the individual pension accounts created.