The industry has reacted with a mixture of support and scepticism at MPs' recommendations to reform the defined benefit (DB) pension system.
A report published by the Work and Pensions Committee (WPC) on 21 December said The Pensions Regulator (TPR) should be able to impose more punitive fines on sponsors and be nimbler to intervene more effectively...
Only one third of defined benefit (DB) schemes lengthened their recovery plan end dates in 2019, according to research by Hymans Robertson.
Hargreaves Lansdown has been named as the slowest provider to switch pensions through the Origo transfer service.
Regulatory guidance “could set too high a hurdle” for superfunds, Lane Clark and Peacock (LCP) warns.
Around one in 25 pension schemes have made use of regulatory easements to deficit recovery contribution (DRC) payment schedules, according to The Pensions Regulator (TPR).
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the September 2020 estimates on the various measures…