Employers criticise reform proposals

Some 93% of employers surveyed by the Association of Consulting Actuaries (ACA) believe the proposals for pensions reform contained in the Government's green paper are inadequate and will not encourage greater provision for occupational pensions. The survey of 208 firms taken in February 2003 also found 95% of respondents feel state pension reform needs to be included in the final reform proposals when they are released later this year. The ACA said the need for pension reform was reflected in the survey's finding that 29% of employer respondents had reviewed their pension arrangements...