Pensions legislation has undergone considerable change in recent years and further reform is clearly on the Government’s agenda. Both the Pickering Report on simplification and the Sandler Report on savings products point to the need for radical change and the pensions Green Paper has confirmed that the Government is committed to reform.
In the meantime, the increasingly complicated legal structure that governs pension schemes poses problems for any law firm setting up a pension scheme. What is more, there are particular difficulties for partnerships which have to accommodate both schedule E and schedule D earners.
