Industry welcomes 'detailed' DWP superfund plans but identify affordability issues

Kim Kaveh
clock • 2 min read

The industry has welcomed the Department for Work and Pensions' (DWP) consultation on defined benefit (DB) consolidation as a way to address scheme covenant issues.

In its consultation, launched on 7 December, the DWP set out plans for an authorisation and supervision regime for consolidators, with a proposal to mandate them to demonstrate at least a 99% chanc...

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 Defined Benefit

'Value horizon' in run-on could increase member outcomes by up to 15%

'Value horizon' in run-on could increase member outcomes by up to 15%

Hymans report says investment strategy is key to achieving scheme objectives in run-on

Alex Levy
clock 22 October 2026 • 1 min read
TPT gets green light to launch as UK's second superfund

TPT gets green light to launch as UK's second superfund

Capital buffer in place to fund first £1bn in transactions and ‘active discussions’ underway

Alex Levy
clock 21 October 2026 • 2 min read
A well-funded scheme is not necessarily a simple one, say DB leaders

A well-funded scheme is not necessarily a simple one, say DB leaders

Brightwell, USS and LGPS executives say robust governance is vital in current landscape

Alex Levy
clock 19 October 2026 • 2 min read
Trustpilot