Govt 'second-guessing' on protected rights

Aegon says the amendment to the Pensions Bill, which will insert a clause 27A into the Pensions Act 1993 which deals with protected rights legislation, has effectively ‘upgraded’ the rules on protected rights and joint annuities from secondary to primary legislation. But Rachel Vahey, head of pensions development at Aegon Scottish Equitable, says she is unsure why exactly the Government feels this is a necessary move, as after all the law is the law whether it's primary or secondary legislation. So she suggests one possible explanation is that primary legislation is more difficult to ch...