Unravelling the Government'spension proposals

Action on occupational pensions was the document published by Andrew Smith, Secretary of State for Work and Pensions, on 11 June when he made his statement to the House of Commons. The title appears to be carefully chosen, because inaction was what he had been accused of after last year's Pensions Green Paper. These new proposals are extremely significant. Some advisers may think this has not much to do with them because they only work with money purchase pensions, but this is a massive boulder that has been dropped into the pensions pond and its shockwaves will reach every corner. The ...