Firms planning to freeze their defined benefit schemes should do so before 5 April next year due to a forthcoming change in guaranteed minimum pension rules, a consultant says.
A Department for Work and Pensions consultation, released on Monday, showed the government plans to increase the rate accrued GMPs are revalued between the time an employee quits work and their pay...
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
