Planned regulations for master trusts may now include a requirement for the Department for Work and Pensions (DWP) to introduce a "funder of last resort".
The House of Lords agreed a Labour amendment to the Pension Schemes Bill on 19 December in response to concerns the draft rules failed to protect members' benefits in worst-case scenarios. The ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
