Superfund risk called into question by Bank of England governor

Hope William-Smith
clock • 2 min read

Bank of England (BoE) governor Andrew Bailey is understood to have warned against superfund consolidation of defined benefit (DB) pension schemes less than a week after the entities were given the green light by The Pensions Regulator (TPR).

Sky News has reported Bailey warned that the regulatory regime - unveiled by TPR last week as an interim measure before expected legislation - could pose a risk to financial stability. Bailey is...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Defined Benefit

Equisoft launches update to transfer product to support electronic DB transfers

Equisoft launches update to transfer product to support electronic DB transfers

Company claims to be the first vendor to support electronic DB transfers

Martin Richmond
clock 26 September 2023 • 1 min read
John Southall, Head of Solutions Research, LGIM

Partner Insight: Constructing buyout-ready portfolios for the endgame

As defined benefit (DB) schemes adopt a holding pattern ahead of a potential buyout, LGIM’s Solutions team – making use of their modelling frameworks – share their insights into how they believe schemes can best invest to meet their objectives.

John Southall, Head of Solutions Research at LGIM
clock 26 September 2023 • 8 min read
Tender Watch: Brightwell selects Duco for automation

Tender Watch: Brightwell selects Duco for automation

Partnership will enable scalability and easier consolidation

Professional Pensions
clock 26 September 2023 • 1 min read
Trustpilot