Banks prepare to split schemes under ring-fence reforms

Rachel Dalton finds out how reforms will require banks to restructure their schemes

clock

The Financial Services (Banking Reform) Bill, currently in its House of Lords report stage, requires banks to separate their retail and investment businesses by 2025. Lawyers warn banks should start planning now.

Reform Employers in multi-employer DB schemes, as used by banking groups with their many interlinked businesses, are allowed to take on the liabilities of other scheme sponsors. The governme...

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 Law and Regulation

No u-turn on pension IHT overhaul as Finance Bill set to become law

No u-turn on pension IHT overhaul as Finance Bill set to become law

Poised to receive Royal Assent

Laura Miller
clock 18 March 2026 • 3 min read
AMNT: Treating lay trustees as amateurs is 'faulty thinking'

AMNT: Treating lay trustees as amateurs is 'faulty thinking'

Maggie Rodger says the rise of schemes without a member voice is a retrograde step

Maggie Rodger
clock 18 March 2026 • 4 min read
Court upholds trustees' right to recover the costs of unsuccessfully defending themselves

Court upholds trustees' right to recover the costs of unsuccessfully defending themselves

Chris Edwards-Earl looks at how a recent Court decision upholds trustee rights to be indemnified from scheme assets

Chris Edwards-Earl
clock 17 March 2026 • 3 min read
Trustpilot