09 March 2007 - Deregulatory review: independent consultation paper published
Independent reviewers have today published a consultation document as part of a review of private pensions regulation.
The Deregulatory Review aims to ease the burden of red tape for employers who offer workplace pension schemes – while also protecting the interests of pension scheme members.
Ed Sweeney, joint deputy general secretary of Amicus, and Chris Lewin, former head of UK pensions at Unilever plc, were appointed by the DWP last year. They are working with the DWP deregulatory advisory group, which is made up of pensions industry, business and union representatives, to carry out the review.
Mr Sweeney and Mr Lewin have gathered views from key stakeholders and have summarised the evidence they have received in this consultation paper – they have asked a number of questions with the aim of encouraging further discussion and building consensus on the way forward.
Interested parties are asked to respond by 6 April. The reviewers will report their findings and recommendations to Ministers in the spring.
Notes To Editors
- Copies of the consultation paper can be downloaded from the Pensions Reform area of the DWP website: www.dwp.gov.uk/pensionsreform/deregulatory_review.asp
- The deregulatory review was announced in the White Paper ‘Security in retirement: towards a new pensions system’, published in May 2006. Further detail was outlined in the ‘Summary of responses to the consultation’ in October. Copies are available at http://www.dwp.gov.uk/pensionsreform/
- The deregulatory review is included in the DWP’s Simplification Plan. Copies are available at http://www.dwp.gov.uk/aboutus/better_regulation/simplification_plan.pdf
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