UK - Defined contribution schemes pose a potential sex discrimination headache for companies, a leading lawyer claims.
Pinsent Curtis Biddle partner Alastair Meeks said a woman with an identical date of birth, service and pay history, and investment return to a male employee would almost certainly receive a lower level of pension because most women live longer.
Meeks said that all legal disputes on equal pay for equal work had been heard in relation to final salary schemes.
But he said it would be an optimistic assumption to believe that defined contribution schemes would not attract similar claims.
He added: “People need to be aware of the point and appreciate that there may be an issue here. The issue is primarily for employers rather than schemes and benefit design.”
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers