Occupations Pension Schemes: Government Proposals Published

• Author:
• Norman Russell

The Department for Work and Pensions has published 'Action on Occupational Pensions'. This follows the consultation exercise undertaken after the publication of the December 2002 Green Paper.

These are some of the key proposals "to protect the members of occupational pension schemes".

A Pensions Protection Fund (PPF) will guarantee accrued defined benefit pension rights (based on earnings up to £40k to £60k) when an employer becomes insolvent. Employers with under funded schemes will ha... (359 more words)

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