The Association of Consulting Actuaries supports early access but believes risk sharing schemes should be the government's priority.
UK - Proposals to allow early access to pensions will create a "bureaucratic nightmare" and should be shelved, industry groups say.
The Treasury has confirmed Lord Hutton will publish his final report on public sector pension reform next Thursday (10 March).
Proposals to allow early access to pensions will create a "bureaucratic nightmare" and should be shelved, industry groups say.
Allowing early access to pension funds in some cases could place pensioners' beneficiaries at risk of a 55% tax charge, AJ Bell warns.
Will LGPS membership suffer from public sector pension reforms?
The negative tone of HM Treasury's early access consultation is an indication the concept as a whole could be "quietly shelved", a lawyer says.
Occupational scheme member groups have attacked the switch to Consumer Prices Index inflation as a Treasury cost-saving exercise aimed at benefitting business over members.
Treasury plans to increase public sector employee pension contributions by 3% could destroy the Local Government Pension Scheme, the London Pensions Fund Authority warns.
Julian Mainwood of Barnett Waddingham discusses how the restriction of pensions tax relief will affect scheme administration