UK - British employers would significantly reduce the burden of their ‘pension promise' if they could pay the government to take contracted-out liabilities back into the state scheme, David Willetts (pictured) MP has argued.
Proposing a government-sponsored arrangement which would remove a significant part of the pension promise from the company’s balance sheet, the Havant MP and senior adviser to Punter Southall said:...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date