Private sector pension contributions likely to fall

Speaking at the Pinsent Masons Pensions Conference in the City, Robin Ellison also suggested the system was hindered by a taxation structure that, even after simplification, breaches the “fundamentals of fiscal neutrality” and makes the pre-funding of pension liabilities unattractive in the UK. Other reasons for the fall in private sector contribution to pensions, which the government wants to increase to 60% from the current 40%, range, according to Ellison, from “horribly complex provisions” for dispute resolution, scheme administration and investment control imposed after the Robert Ma...