Committee Urges Government and Regulator to Rethink Pension Investment Rules

Tuesday, 26 March 2024, 00:02

The UK's pension landscape faces a looming threat as MPs caution that current rules could eradicate defined-benefit plans. A Commons committee's warning shines a light on the need for government and regulatory action. The implications of inaction could spell the end of pension security for many individuals.

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MPs Issue Warning on UK Pension Rules

A Commons committee has raised concerns about the impact of current pension rules on defined-benefit plans. The committee urges the government and regulator to reconsider these rules to safeguard pension security for individuals.

Risk to Retirement Schemes

The proposed changes could signal the demise of defined-benefit plans and pose challenges to retirees.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.