Pension schemes could be affected by anti-ageism laws

pensions

Employers and investors have focused on A-Day pensions changes but should also prepare for others

A lot of attention has been focused on the legal changes that will come into affect on A-Day in April 2006, but there are additional changes further ahead that could also have serious implications for pensions. In October 2006, EU legislation against age discrimination will come into effect that could have serious consequences for employer sponsored pensions schemes. Employers have been moving away from defined benefit schemes (DB) to defined contribution (DC) schemes, and in some cases have implemented tiered contributions, as an interim stage. Under this approach higher contributions ar...