Using statutory override to change scheme terms at the end of contracting out will be limited to offsetting employers' National Insurance bills, the government has clarified in the Pensions Bill.
The government's proposal to allow sponsors to bypass trustees to alter contribution or benefit levels met with some criticism following the publication of the white paper (PP Online, 13 March). ...
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
