Scottish Equitable's pensions expert Stewart Ritchie warns in his latest "Ritchie Papers" that the g...
Scottish Equitable's pensions expert Stewart Ritchie warns in his latest "Ritchie Papers" that the government's proposed Pension Protection Fund is unlikely to help defined benefit schemes. The problem with the PPF is that as the number and size of claims covered by the fund increase then levies will have to go up to meet the spiraling costs. That will encourage employers to hike contributions from scheme members because the alternative, winding up schemes, will not be an economic option under the government's plans to backdate regulations, Ritchie says. These retrospe...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes