Call for more flexible approach to pension legislation

A HR consultancy firm is calling for the next Government to drastically simplify the legislation surrounding pensions.

According to Mercer, recent market conditions have exposed the weaknesses in the two extremes of pension scheme design – defined-benefit (DB) and defined contribution (DC) schemes. The consultancy also believes that the UK’s "complicated and over-prescriptive" legislative regime means that many workable and more flexible pension designs that ... (210 more words)

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