UK - Accountancy giant PricewaterhouseCoopers is refusing to respond to the pensions Green Paper because it believes the government is simply recycling questions.
The move will come as a blow to the government, which is desperately trying to collate fresh material from the industry before March 28 when the consultation period ends.
PwC partner John Shuttleworth said: “The government is asking the same old questions again, so what’s the point in us repeating ourselves?”
He stressed that the government has not yet answered questions posed by PwC more than two years ago.
The Green Paper received widespread criticism when it was published last year with consultants, fund managers and schemes all labelling it a “missed opportunity”.
Meanwhile, the government is urging scheme members to take part in an online discussion on the Green Paper.
It is the first time the government has invited members of the general public to take part in a consultation of this sort.
West Midlands Metropolitan Authorities Pension Fund chief pensions officer Mike Woodall said communication was the “life-blood of pensions”.
He added: “I hope the consultation is structured in a user-friendly way and is written in a language that the lay person will understand.”
The online discussion can be accessed at www.dwp.gov.uk/greenpaper
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