UK - The pensions industry has expressed disappointment over aspects of the Pensions Bill released yesterday, claiming it fails to address deregulation and places higher cost and time burdens on pension schemes.
The main aspects of the Bill are a move to principles based governance, the mandatory creation of personal pension accounts, capping the revaluation of deferred rights for future accrual at 2.5%, d...
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