The UK’s pensions and financial inclusion minister, Guy Opperman, writes in Money Marketing about his government’s steps to protect retirement income, as detailed in its DB white paper.
The document, Protecting Defined Benefit Pension Schemes, outlines “three ways in which we are going to improve the pensions industry: strengthening regulation, improving pension scheme funding and streamlining pension scheme consolidation,” he writes.
“I know that most employers want to do the right thing by their employees and care for their future. However, we need to guard against unscrupulous behaviour by a small minority and strengthen the powers of the Pensions Regulator.”
More: New powers to be given the regulator.

ARIA provides a forum for an informed discussion on retirement income adequacy, and other related issues, including pension and retirement coverage, and defined benefit pension plans – ARIA pensions blog, 12 Dunlop Street, Barrie, ON, L4N 1V6 – sitemanager@ariapension

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