Pensions
We recognise that you may have general comments on the pensions agenda that you wish to share with us. Below you can share views that we will feed into our wider policy agenda in this area. Please share your thoughts on Private Pensions and Pensions Protection on the relevant comment page.
We previously invited comments on regulations relating to State Pensions. These are out of scope of the Red Tape Challenge, and any comments made prior to closure on the comment page will be fed into DWP’s wider better regulation programme. Find the closed State Pension page here.
To comment on Private Pensions, or Pensions Protection – please click on the links below. Visit the main Pension landing page here.
Give ‘ownership’ of a defined contribution pension fund to the employee once s/he leaves employment with the company which set it up.
Currently a defined contribution pension fund continues to owned by and under the control of its trustees even though the company which set it up may have been bought, moved to he USA, bought again and moved to ahe Netherlands. Ten year later it may no longer be possible to find the trustees or get a response from them. This all requires considerable regulatory expense to resolve and could be avoided by placing the part of the fund applicable to the ex-employee in her hands. There could be merit in restricting access to the fund before retirement age.Comment Tags: defined contribution, tustees