Timetable for pension scheme funding regime delayed

The regulations were due to come into force on 23 September in line with the overall timetable for implementing the European Directive on Occupational Pensions. But the DWP says the delay in publishing the regulations has come about because of the need to take into account issues arising from consultation the department undertook on draft regulations earlier this year. It says it recognises the pensions industry is keen to know the details of the final legislation but says it is more important the original draft legislation should “take full account of the concerns which have been rais...