Existing pensions 'still under threat' despite Bill change

New Pensions Minister Rosie Winterton today unveiled plans enabling employers to ‘self-certify’ their schemes meet the quality standard based on a projected value of contributions for the year ahead. Campaigners, the ABI among them, welcome employer self-certification, arguing it will help stave off a “levelling down” of existing contributions once personal accounts are officially introduced in 2012. But the ABI adds today’s changes still risk discouraging employers from committing to providing good quality workplace schemes. “The current drafting of the amendment adds considerably to th...