Government to investigate pension risk sharing in 2009

The parliamentary under secretary said he would work with the industry to investigate what more could be done to share information on current risk sharing practices and look into flexibility in the way pensions accrue for future service to reflect increasing longevity. He also said burdens imposed by the arrangements for contracting out would be looked into and the government would also consider whether the requirement to index pensions in payment is appropriate for cash balance schemes. The announcement follows a department for work and pensions consultation on the issue. The governm...