Opperman: DB statements should also be simplified

But minister says simplifications in the pensions system must start with DC

Hope William-Smith
clock • 3 min read
Pensions and financial inclusion minister Guy Opperman
Image:

Pensions and financial inclusion minister Guy Opperman

Progression is being made in simplifying the defined contribution (DC) space after which the government will focus its attention on defined benefit (DB) schemes as part of its “long-term aims”, Guy Opperman says.

The pensions and financial inclusion minister was questioned about simplifying pensions yesterday (8 November) by the Work and Pensions Committee (WPC), alongside economic secretary to the Treasury...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

FIF25: Opportunities with DB pensions

FIF25: Opportunities with DB pensions

No ‘one size fits all’ approach to endgame, with changing allocations within DB schemes

Jasmine Urquhart
clock 04 June 2025 • 1 min read
Tender Watch: Northern Ireland LGPS appoints Isio as investment adviser

Tender Watch: Northern Ireland LGPS appoints Isio as investment adviser

Isio appointed as adviser to NI Local Government Pension Officers’ Superannuation Committee

Professional Pensions
clock 22 May 2025 • 1 min read
DWP responds to WPC report on DB pensions market

DWP responds to WPC report on DB pensions market

Government confirms it will consider PPF compensation changes and consult on trusteeship, accreditation and governance

Holly Roach
clock 01 May 2025 • 4 min read
Trustpilot