UK - Prime minister Tony Blair has alarmed pensions experts by indicating he plans to "redraw" the welfare state.
They fear his comments could hinder any reforms outlined in the Green Paper.
Buck Consultants senior technical services manager Kevin LeGrand said: “Blair’s comments indicate leaving state arrangements where they are and having another go in five years.
“If this is the case it means there is no consistency in pensions policy.”
Blair reportedly said: “What we have got to do is fundamentally redraw the way the 1945 welfare state settlement is implemented.
“We have got to do it for health, education, the employment and labour markets – and in the longer-term for pensions, too.”
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).