Schemes must meet three gateway principles for superfund transfers

James Phillips
clock • 4 min read
Parish: We are determined to protect savers who may be moved into a superfund

Parish: We are determined to protect savers who may be moved into a superfund

Pension scheme trustees and sponsors should only seek to transfer members’ benefits to a defined benefit (DB) consolidator if there is no “realistic prospect of buyout in the foreseeable future”, The Pensions Regulator (TPR) says.

In guidance released today (21 October), the watchdog said ceding trustees and sponsors must demonstrate why a transaction with a superfund would be in the best interests of members, meeting three "gateway...

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