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
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point