THE PERILS OF INTEGRATION

With the new pensions law due to come into force in the spring of 1978, companies have to start debating whether to run earnings‐related benefits privately, hand them over to the State, or run a scheme which is a mixture of both. Ron Spill, pensions advisor with Legal and General Assurance, examines the complexities of the impending legislation and explains why integration of State and private schemes is almost unworkable.