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Pressure for pension reform from BSA

18 February 2010

The Business Services Association has published a paper for Ministers, Shadow Ministers and policy makers on the transfer of pensions from the public to the private sector.

The document builds on the BSA's established views and proposes sensible and pragmatic solutions to an issue that is critical to the future providing efficient and effective public services by private sector organisations. The paper is an important contribution to the debate in this area and addresses straightforwardly an issue that is of serious concern across the BSA membership.
John Hanratty of Pinsent Masons and James Beardmore of KPMG have lead the development of the dialogue and document for the BSA, while other BSA members have also contributed to its  development.
The two principal recommendations are:
1. Remove the obligation for contractors to offer past service pension transfers
2. Ease the technical conditions for securing pension benefits on contract termination.
The BSA is submitting the paper to Ministers, Shadow Ministers, officials and others and will be seeking meetings to further the briefing in this area.
For further information contact Mark Fox  mark.fox@bsa-org.com  or Melanie Greenall, Head of Research & Policy, at Melanie.greenall@bsa-org.com


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