Regulators warn P&O members against 'quick decisions' on schemes

TPR, the FCA and Maps respond to calls to intervene over £146m deficit share

Hope William-Smith
clock • 1 min read
Regulators warn P&O members against 'quick decisions' on schemes

The Pensions Regulator (TPR) has issued a joint statement with the Money and Pensions Service and the Financial Conduct Authority (FCA) warning members of P&O’s pension schemes “not to make any quick decisions” about their pensions.

The regulators and guidance service said the warning comes "following recent media reports" and their combined concerns over "heightened risk of pension transfers" following P&O Ferries' sacking of...

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 Defined Benefit

A well-funded scheme is not necessarily a simple one, say DB leaders

A well-funded scheme is not necessarily a simple one, say DB leaders

Brightwell, USS and LGPS executives say robust governance is vital in current landscape

Alex Levy
clock 19 October 2026 • 2 min read
Third-party cyber risk key concern for DB trustees

Third-party cyber risk key concern for DB trustees

Less than half of schemes regularly use simulations to test incident response plans

Alex Levy
clock 08 October 2026 • 1 min read
Age threshold risks more costly and complex surplus payments, say lawyers

Age threshold risks more costly and complex surplus payments, say lawyers

Draft rules pose practical challenges for sharing DB surplus with members

Alex Levy
clock 07 October 2026 • 7 min read
Trustpilot