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Pension plan welcomed
CALLS from a major business body to protect workers’ pensions are being addressed by new government proposals.
The pensions regulator wants higher standards for running defined contribution pension schemes, which operate by members accumulating a pot of money to buy a pension when they retire. New guidelines have been issued which aim to improve the current system.
The Confederation of British Industry said the best form of protection for employees’ benefits was a thriving solvent employer. Neil Carberry, CBI director for employment and skills, added: “Injecting economics into what up until now has been a purely actuarial debate will increase business confidence, allowing more investment in growth and jobs. We’re pleased the Government has listened to the CBI on this.”
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Weather for Doncaster
Wednesday 19 June 2013
Today
Sunny spells
Temperature: 11 C to 23 C
Wind Speed: 12 mph
Wind direction: West
Tomorrow
Light rain
Temperature: 11 C to 16 C
Wind Speed: 10 mph
Wind direction: East
