New Pensions Act "should focus on principles not details" - Pickering part 8

Professional Adviser
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A new Pensions Act could be created to simplify the legal framework around occupational pension sche...

A new Pensions Act could be created to simplify the legal framework around occupational pension schemes which focuses on the objectives any policy aim of each piece of legislation rather than the process needed to achieve it. There is a great deal of emphasis on "joined-up thinking" as Pickering's four key principles of any new legislation suggest the detail be taken out of legislation and a broad principle be presented instead where possible to simplify understanding. Along with plans for a New Kind of Regulator (NKR), Pickering suggests schemes be required to adhere to a small n...

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