The Department for Work and Pensions is to close a loophole in auto-enrolment legislation which would have allowed employers using the defined contribution sections of hybrid schemes to defer enrolling until 2017.
Had it been left unchanged, the loophole could have affected four million workers, according to estimates. The loophole would have allowed employers with hybrid schemes with closed DB elements t...
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