Consultation Is the Key in Shake-up of Pensions

Yet again, pensions are in the news in the United Kingdom. The government proposes introducing consultation obligations for both occupational and personal pension schemes. These force employers to highlight key issues and consult before making major changes to pension schemes. Currently, the weight of operating a pension scheme is leading many employers to limit their pensions obligations. Balanced against this is the general concern about the low level of pension provision. Inevitably, any further obligations on employers is a hot topic.

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