UK - Pensions minister Ian McCartney has promised new MFR legislation "as soon parliamentary time becomes available".
In answer to a question in parliament, McCartney confirmed he was currently considering responses to the consultation period on draft regulations and that a summary of responses would become available before April.
McCartney said the MFR replacement would be a “long-term scheme-specific standard in the context of a regime of transparency and disclosure, with additional measures to strengthen protection further.”
Separate interim changes to MFR that do not require parliamentary legislation will come into force this March.
By David Rowley
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.