Govt's Pension plans will delay company pension progress

Wedlake Bell says the new regulations, announced last week by Pensions Minister, Stephen Timms, will add to the burden of red tape already being suffered by an industry preparing itself for simplification. The law firm also believes government efforts have been fairly restrained in their quest to provide enhanced protection for scheme members. It says consultation will not be required for minor changes to contribution rates, while employee agreement will also not required. Futhermore such reforms will not apply to those small companies with less than 50 workers. But Jane Wolstenholme, ...