UK - Government proposals which aim to stop the decline of defined benefit (DB) pension schemes will fail to achieve their goal but could leave some workers thousands of pounds worse off, according to Standard Life.
The government, which has released its recommendations following a review of the regulatory framework for occupational pensions, proposes to cut the rate of revaluation of deferred benefits by half...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date