Sponsoring employers could be given unilateral powers to amend defined benefit scheme rules without trustee consent to offset a £4.2bn spike in National Insurance costs.
The Department for Work and Pensions has launched an informal consultation ahead of a forthcoming White Paper on a single-tier state pension to give employers the flexibility to override scheme rul...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
