The present system includes eight different tax schemes and, although complicated, cutting them down into one will not come without its problems.
This could include some people losing their rights to higher lump sums, or different benefit levels.
Despite the measures the paper is set to create a huge amount of disappointment in the industry. Many workers are being moved from final salary schemes into money purchase products, where the employers will ultimately contribute less.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements