Schemes grappling with the costly problem of guaranteed minimum pension equalisation could face a prescriptive approach to legislation.
The Department for Work and Pensions is to take action to stop firms using differences between defined contribution regulations to cut scheme costs when faced with auto-enrolment.
The Department for Work and Pensions is set to take action to stop firms using differences between defined contribution regulations to cut scheme costs.
The latest Pensions Bill has failed to address differences between contribution refunds in trust-based and contract-based schemes, providers say.
The Pensions Bill largely clarifies section 251 but could go further to address situations in which a scheme partially winds up, Mayer Brown says.
The government published its Pensions Bill today, covering proposed changes to auto-enrolment.
Government should address current insolvency laws to stop pension schemes becoming "super-creditors" following the Nortel and Lehman Brothers ruling, the Confederation of British Industry says.
Labour has slammed the coalition government for dithering over plans to introduce a flat rate state pension after it shelved the launch of a consultation last year.
Pensions minister Steve Webb will face a barrage of questions on pension changes next week as MPs return to parliament.