The National Association of Pension Funds (NAPF) has published a paper to help pension funds and their members make an informed decision ahead of the Scottish referendum on independence, which takes place in September 2014.
The paper outlines the potential impact of policy decisions which were outlined in a recent document from the Scottish government on pensions in an independent Scotland. The NAPF is an apolitical body but represents occupational pension schemes throughout the UK. One of the biggest issues for UK pension funds is the funding implications should schemes become cross-border schemes, operating in both Scotland and the rest of the UK. If there is a more demanding funding regime for cross-border schemes, this could lead to further closures of defined benefit schemes.