Webb vows not to stand idle on 'nightmare' discount rates

clock

The government cannot "stand idly by" while accountancy standards send pension fund liabilities rocketing and undermine the economy, Steve Webb has said.

The pensions minister (pictured) gave a strong hint at the National Association of Pension Funds conference yesterday that he is considering intervening in the way defined benefit deficits are calc...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Four in five schemes open to surplus distribution, PwC finds

Four in five schemes open to surplus distribution, PwC finds

Survey finds surplus release and data challenges ‘dominating’ decision making

Holly Roach
clock 17 December 2025 • 2 min read
Partner Insight: Balancing protection and growth - Bulk annuity regulatory round-up

Partner Insight: Balancing protection and growth - Bulk annuity regulatory round-up

Sam Matto-Willey, Senior Consultant, Aon
clock 17 December 2025 • 4 min read
Partner Insight: Unlocking opportunities - How trustees are navigating surplus reforms and embracing buy-in strategies

Partner Insight: Unlocking opportunities - How trustees are navigating surplus reforms and embracing buy-in strategies

The UK’s DB pensions landscape is entering a transformative phase

Claire Altman, Managing Director of BPA & Individual Retirement at Standard Life
clock 17 December 2025 • 3 min read
Trustpilot