UK - The Green Paper has merely postponed difficult decisions on pensions, PricewaterhouseCoopers claims.
And it warns that some of the proposals could actually weaken workers’ protection.
PwC’s actuarial and benefits practice says only the tax regime has been radical and even then it creates many complications by forcing higher paid workers to get financial advice to avoid breaching the £1.4m lifetime limit.
The report said: “The Green Paper is deeply disappointing.”
PwC pensions partner John Shuttleworth added: “Whitehall can be incorrigible when it comes to ignoring continental Europe and timidly following US practice, but on this occasion it has decided to ignore every country.
“What is scary is this inability to learn from others, and the plaintive self-obsession that British problems are somewhat unique.”
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.