Pensions Bill poses threat to current schemes

The provider says existing pension schemes will suffer if the Government fails to make exemptions from personal accounts clear. In comments ahead of the Bill’s second reading due today, Standard Life says EU law makes auto enrolment difficult. It urges the Government to consider the advantages of introducing auto enrolment through contracts of employment for new employees. It says of previous ideas: “As yet, no acceptable solution has been agreed to resolve this issue. One of the proposals put forward is that all new pensions are set up as occupational pension schemes as this would circum...