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ACA calls on Revenue to simplify pensions

The Association of Consulting Actuaries is calling for financial incentives and the simplification of Inland Revenue requirements, in line with Pickering&#39s proposals, to encourage pension provision.

While the ACA welcomes many of Pickering&#39s proposals, it is concerned that a move to immediate vesting will increase employer costs and increase the administrative burden.

ACA chairman Gordon Pollock says: “We believe that State and occupational pensions need to be considered together and welcome the report&#39s proposal to review the terms for contracting out.”

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