The NAPF has warned political parties and the Pensions Commission Chairman changes to the regulatory framework are could kill off future forms of defined benefit schemes where risks are shared between employer and employee.
NAPF chief executive Christine Farnish wrote an open letter stating the current changes to the regime were well intended but risked "the perverse consequence of discouraging and disincentivising any form of future defined benefit provision and reducing innovation in the workplace pensions market". Farnish urged policy makers to "carefully consider the likely overall impact and unintended consequences of current changes to the regulatory regime before bringing the new measures into force". IFAonline
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