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ARTICLE · 18 SEPTEMBER 2003

Government Introduces Pensions White Paper

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Article by John Papadakis, Martin Scott, Rosalind Connor and Graeme Standen

On 11 th June 2003 the Government introduced a new White Paper ("Action on occupational pension schemes") publishing various proposals on occupational pension schemes. Some of the proposals are radical. They build on some of the ideas raised by the previous Green Paper ("Working and saving for retirement") issued in December last year. The three principal aims of the proposals are:-

  • improving member protection;
  • deregulating pension provision; and
  • increasing choice for retirement planning.

The proposals will affect employers and trustees. It is not expected that the changes will come into force before April 2005.

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