UK - Schemes, insurers and trade unions are urging the government to give tax breaks to firms which make pensions available in the workplace.
The Association of British Insurers – which has been holding top level talks with the government and regulators about the idea – is being backed by the Trades Union Congress and the National Association of Pension Funds.
They are hoping the move will promote financial advice to employees by providing an incentive to bosses to offer pensions and advice.
Scottish Life head of pensions strategy Steve Bee said: “The ABI’s ‘pension contribution tax credit’ made a lot of sense.
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).