UK - Ministers are unlikely to make major changes to measures in the Pensions Bill that bosses fear will curb investment in British firms, lawyers warn.
Pinsents’s latest Law at a Glance report says that while the government has listened to the concerns over the “moral hazard” clauses, which were aimed at preventing companies dumping liabilities on the Pension Protection Fund, the clauses will remain much the same.
Groups such as the British Venture Capital Association and the Society of Turnaround Professionals argue the measures will stop financially troubled companies securing capital, bankrupt venture capital organisations and leave directors’ family members liable for pension scheme deficits.
However, a BVCA spokesman said initial meetings with DWP senior officials, which are part of a summer consultation exercise ordered by the pensions minister Baroness Hollis,had been positive.
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
This week's top stories were the DWP giving the green light to CDC and TPR granting extensions for 11 master trust authorisation applications.
Susan Martin says building strong foundations for business are the only way forward as the pensions industry is radically shaken up
The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.