Employers will have temporary powers to change scheme rules without trustee consent, in a bid to protect defined benefit schemes from the cost of abolishing contracting out.
In the much-anticipated state pension white paper, the Department for Work and Pensions confirmed that contracting out - where employers in the private and public sector opted out of the state seco...
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
