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
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, 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
