THE GOVERNMENT has been forced to scrap plans to simplify pensions disputes after admitting that its red-tape-cutting exercise would place "additional burdens" on pension schemes, reports The Times .
According to the paper the two-stage process for resolving pension fund members’ grievances over their schemes was to be reduced to a single stage under the Pensions Act 2004, a major piece of legislation designed to simplify the pensions system. The changes were due to come into effect this April. But an outcry this week by lawyers, who said that the wording of the legislation had the opposite effect to that intended, forced the Department for Work and Pensions into an about-turn. A letter sent by the Department for Work and Pensions on Tuesday, reports The Times, admits that the propo...
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