Gov't should call a halt to pensions regulation

As a result the company is calling for a moratorium, or delay, on pension regulation as it claims the Pensions Act and A-Day have significantly increased the burden on trustees in the occupational pension scheme sector. Donald Duval, chief actuary at Aon Consulting, says as a result of the increased burden on schemes it expects only 18% of occupational Defined Benefit (DB) schemes to be open to all staff by 2009, with around 29% to be closed to everyone compared to just 9% now. And he claims the introduction of age discrimination legislation on 1 December is the latest set of regulation...