UK - The government is under pressure to advise companies and their trustees over whether the low-paid should be encouraged to join occupational schemes.
Experts point out that under the current means-tested system, many low-paid workers with occupational pensions gain little more than the equivalent of the state pension.
One company, the food manufacturer Nestle, is already believed to have approached the department for work and pensions directly over this issue.
Insiders say the firm’s Longbenton office has also consulted with staff over the modification of its £2bn final salary scheme to exclude low-paid staff because they will not gain proportionately from any pension.
The move comes after widespread criticism from the industry that the Green Paper ignored low-paid workers and offered no incentives for them to save.
The directors of collapsed construction giant Carillion were "contemptuous" of funding their defined benefit (DB) pension schemes, and "refused to give an inch", Frank Field has alleged.
The PPF 7800 deficit was slashed in half last month as gilt yields rose. Victoria Ticha asks if this is the start of a longer trend
Frank Field is to warn Sir Philip Green not to sell his Arcadia business without ensuring defined benefit (DB) pensions are adequately protected, PP can confirm.
Some 79% of people would like to see stricter rules and checks to ensure pension pots are secure, according to a survey by the Pensions and Lifetime Savings Association (PLSA).