UK - Changes in rules which prohibit employees drawing a pension while still at work with the same employer are being urged by the National Association of Pension Funds.
The move is one of a raft of measures put forward by the NAPF ahead of Chancellor Gordon Brown's Budget.
The NAPF claims that retirement flexibility has to be increased and urged the government to conduct a review of the transition to retirement before the 2003 Budget.
The NAPF has also called for the government to abolish stamp duty on equities and on commercial and industrial property.
It says cutting stamp duty on equities will improve liquidity and reduce transaction costs.
And it called for the government to grant a one-off change in tax rules to help part-time workers affected by the Preston judgement in the House of Lords last year.
At the same time, the NAPF applauded government projects on pensions simplification saying that any efforts to reduce the regulatory burden felt by occupational pension schemes was welcome.
By Jonathan Stapleton
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