TPR ‘committed to securing funding’ for a pay rise and engaging with PCS and DWP
Spring Budget, general levy consultation and DB scheme statements of strategy
Guidance follows consultation last year on monitoring social risks and opportunities
Consultation another step towards the new funding regime but challenges remain
Move comes after Court of Session confirmed asset manager’s right to any surplus
Revised regs are welcome but much now depends on TPR’s final code and strategy requirements
Move to make surplus extraction and design consolidator rules embraced by industry
Government to consult on easier surplus extraction and public consolidator
Buzz poll also finds industry split on whether AE extension will impact gender pensions gap
TPR’s annual DB and hybrid statistics show 2% reduction in overall number of schemes