TPR material detriment test poses threat to industry

clock

The Pensions Regulator's material detriment test has strayed too far from its intended objectives and risks increasing scheme costs and restricting corporate transactions, Mercer warns.

The consultant said the draft code appears to allow the regulator to issue a contribution notice to "almost any form of normal business activity" where there is a defined benefit pension scheme. ...

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 Regulation

TPR launches multi-employer CDC consultation

TPR launches multi-employer CDC consultation

Consultation builds on single-employer CDC code launched in October

Jasmine Urquhart
clock 19 December 2025 • 4 min read
SPP responds to LGPS fairness consultation

SPP responds to LGPS fairness consultation

SPP supports better LGPS access for mayors, but comments on access for outsourced workers

Jasmine Urquhart
clock 09 December 2025 • 2 min read
SPP: The CDC revolution – Promise, pitfalls, and progress

SPP: The CDC revolution – Promise, pitfalls, and progress

Phil Wadsworth says CDC is a chance to reshape pensions and improve outcomes

Phil Wadsworth
clock 03 December 2025 • 3 min read
Trustpilot