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

Majority of DB schemes considering surplus extraction, L&G finds

Majority of DB schemes considering surplus extraction, L&G finds

Firm said ‘thorough preparation’ is key for schemes intending to complete a PRT deal

Holly Roach
clock 31 March 2026 • 3 min read
Buyout 'falls away' as run-on becomes 'dominant' endgame option for large schemes

Buyout 'falls away' as run-on becomes 'dominant' endgame option for large schemes

Research shows 70% of the largest DB schemes targeting run-on compared to 4% targeting buyout

Holly Roach
clock 30 March 2026 • 2 min read
Tender Watch: Barnett Waddingham and PIC expand partnership

Tender Watch: Barnett Waddingham and PIC expand partnership

PIC takes on full administration services for two schemes ahead of buyout

Professional Pensions
clock 12 March 2026 • 1 min read
Trustpilot