Labour may fight govt's scheme pension attack

A controversial clause introduced to the Pensions Bill at its last reading threatens the future of scheme pensions, but McClymont said he is willing to fight its corner for the industry. "I am keen to hear representations from the industry on this issue as I can see why there is concern," said McClymont, pictured. "The government has said this change is necessary, but I am willing to look into it." Scheme pensions are annuities paid directly by the scheme provider to the member rather than via an insurer. The clause, introduced by pensions minister Steve Webb, would place scheme...