Age discrimination could still hit a third of pensions

As the consultation on the proposals prepares to end today, the consulting firm claims the amended regulations put forward could force employers to either reduce members’ benefits or go through the costly exercise of setting up a new pensions trust. Mercer says if the regulations are implemented in their current form at least a third of pension schemes could be affected, as the draft regulations will “severely restrict” an employers’ ability to have more than one ‘section’ in their pension scheme. It says this means it will be difficult for employers to place new employees in a defined c...