Increased employer contributions may not reduce the risk-based levies from the Pension Protection Fund.
Every employer should sensibly check the pension contributions made to employee plans are cleared by the local HMRC office until clearer guidance on rules is delivered, claims Winterthur Life's pension strategy director.
The Pensions Commission has acknowledged it would be "dangerous to proceed" with a national Pensions Savings Scheme (NPSS) without making allowance for individual advice if a compulsory employer contribution is not included.
The National Association of Pension Funds (NAPF) has expressed concern about the way draft guidance on employer contributions to registered pension schemes could affect members of defined benefit (DB) multi-employer schemes.
New rules relating to employers' pension contributions after A-Day could lead to a system of "postcode pensions" where some payments are allowed and some are rejected.
Her Majesty's Revenue and Customs (HMRC) has issued additional guidance on rules relating to employer contributions to pension schemes.