Money purchase consultation: An open letter to Steve Webb

Linklaters' Tim Cox says the minister must wake up to problems in the Pensions Act 2011

clock

Pension schemes face formidable challenges in planning for the future. They stand little chance of success if they cannot trust Parliament not to rewrite the past.

In spite of this, the Pensions Act 2011 allows for one of the most fundamental concepts of UK pensions law - that of a "money purchase benefit" - to be redefined for events that happened 17 years a...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

Government 'confident' it will not need to mandate pension scheme investment

Government 'confident' it will not need to mandate pension scheme investment

Reeves confirmed in Mansion House speech pension funds and government ‘are united’

Holly Roach
clock 15 July 2025 • 1 min read
AI and cyber risk in pensions: A litigator's perspective

AI and cyber risk in pensions: A litigator's perspective

Chris Edwards-Earl says risks can be managed if they are acknowledged and understood

Chris Edwards-Earl
clock 15 July 2025 • 4 min read
Rachel Reeves to use Mansion House speech to announce pensions adequacy review

Rachel Reeves to use Mansion House speech to announce pensions adequacy review

Reports say chancellor to appoint commission to lead long-awaited review

Professional Pensions
clock 04 July 2025 • 2 min read
Trustpilot