Gold-plated pensions must not be hindered by cautious restrictions, say MPs
The shrinking number of gold-plated pension schemes that are still open to new members risk being inadvertently finished off, MPs have warned.
Changes to proposed regulation and improvements in governance standards are urgently needed to ensure private sector defined benefit (DB) pension schemes remain an active and thriving part of the pensions landscape, the Work and Pensions Committee said.
Despite a steady decline in number in recent years, DB pension schemes are still of critical importance to both savers
