Government to relax pension merger rules

It is understood the government department will announce a four week informal consultation on changing the so-called section 75 rules this morning. The consultation will seek views on the options for not triggering a debt where the employer remains committed to the pension scheme. The DWP will then consider whether to hold a full public consultation early next year with a view to introducing any changes in the second half of next year. Pensions reform minister Rosie Winterton will say the consultation comes in order to better balance the needs for pension security and those of employers....