Ease private pension schemes, reduce red tape and employers' costs: such are the government's goals as an answer to an independent study on the deregulation of pension schemes published last summer. These propositions please pension funds but anger unions who think that the most vulnerable workers will be affected by the reform. (Ref. 070892)
As part of its pensions reform policy aiming at doing more savings, the Department for Work and Pensions (DWP) had asked two experts – Chris Lewin and Ed Sweeney – to carry out a study on the deregulation of private pension schemes, which was published on July 25, 2007. Now the government has to give its opinion on the measures these two specialists proposed. Mike O’ Brien, Secretary for Work and Pensions, announced a series of measures concerning the softening of the legislation enforceable to
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