CBI

In these straitened times ‘gold plated' public sector pensions face growing calls for fundamental structural reforms to tackle a staggering £1trn unfunded deficit.

Early entrants to NEST will be worse-off for over a decade unless the next government reforms the fees structure, the Confederation for British Industry warns.

CBI proposes lump sum public sector pension fix

The Confederation of British Industry has called for a shift to a ‘notional defined contribution' model - effectively pay-as-you-go DC - to tackle the £1trn unfunded public sector pensions deficit.

Government moves to overhaul the section 75 debt regime have fallen short of industry expectations and have been branded a disappointment by employers.

Government plans to stage auto-enrolment will inevitably distort short-term competition between large and small firms, pensions minister Angela Eagle admits.

The confusing nature of UK pensions is damaging competitiveness and could stymie the recovery from recession, top industry figures warn.

UK - The confusing nature of UK pensions is damaging competitiveness and could stymie the recovery from recession, top industry figures warned.

Most UK companies will continue to run final salary schemes in the short-term despite crippling liabilities, research from the Confederation of British Industry and Watson Wyatt reveals.

A large number of businesses have been forced to scrap restructuring plans because of the section 75 employer debt regime, delegates heard.