Government to outlaw pension 'bribes'

PA

Companies will try anything they can get away with in order to reduce their pension obligations. Many have realised that the pension promises they made in the past are threatening their future, so have come up with a variety of wheezes to get rid of some of the burden.

One increasingly popular one is the 'enhanced transfer' offer. It sounds pretty attractive, and in some cases companies offer to put in extra money for those who chose this option. So why is the government cracking down on the practice?