Defined Benefit

James Phillips says superfunds will provide a good alternative in the right circumstances

Clearance applications and statutory notices to members will push transfers to Q2

DB consolidator says ‘major milestone’ will allow schemes a share of strategy control

Approval comes nearly 18 months after interim regime was launched

The PLSA launched the regime to help trustees and employers understand the key features

Majority of poll respondents doubt whether the system can get up and running

Commitments total around £1bn higher than originally anticipated

But FTSE 350 schemes are on average just over a decade from a full insurance solution

Pensions lawyers say superfunds should be an alternative to buyouts or the PPF

Trustees can block transfers where there is potential scam activity from next week