DWP delay age discrimination for pensions

clock

The government has delayed the pensions related parts of new age discrimination rules by two months.

It seems the Department for Work and Pensions (DWP) has bowed to pressure from employers to give them more time to adjust to the new rules. As a result European age discrimination legislation, being brought in through the Department of Trade and Industry (DTI), will not apply to pensions until 1 December 2006. James Purnell, Minister for Pensions Reform, says the measure is in response to concerns voiced by both employers and the industry about the regulations which are scheduled to come into effect on 1 October. He says this additional two month period will “give schemes more time to...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Tyndall Partnerships head Sullivan on bespoke empowerment

Tyndall Partnerships head Sullivan on bespoke empowerment

‘No two IFAs invest in the same suite of models’

Isabel Baxter
clock 09 December 2024 • 4 min read
Smoothed funds set to be a 'bigger asset class for the advice market'

Smoothed funds set to be a 'bigger asset class for the advice market'

‘An attractive low-risk solution for retirees’

Isabel Baxter
clock 25 November 2024 • 3 min read
Advisers no longer see inflation as a major concern

Advisers no longer see inflation as a major concern

Funds offering a level of inflation protection were the last research, Square Mile finds

Isabel Baxter
clock 22 October 2024 • 4 min read