The Pensions Regulator’s (TPR) proposal for a ‘fast track’ approach to defined benefit (DB) scheme funding regulation is being “used too broadly” and in danger of suffering from “mission creep”, says Aon.
The prescriptive approach - which will run alongside a bespoke but more scrutinised option - could be used in many different ways, diluting its ability to meet all objectives, the consultancy said....
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