'Farewell' to technical provisions, says expert

The DWP regulations ‘usher out’ technical provisions as a primary funding measure

Holly Roach
clock • 1 min read
'Farewell' to technical provisions, says expert

The Department for Work and Pensions’ (DWP) draft regulations concerning defined benefit (DB) de-risking “effectively usher out technical provisions”, according to Ross Trustees.

The firm bid "farewell" to technical provisions after noting the DWP's regulations remove them as the primary funding measure which trustees need to be concerned with, and instead "shift the emphas...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Industry

Annuity rates hit six month high

Annuity rates hit six month high

Savers have seen highest rates since December after BoE raised interest rate to 4.5% in May

Jasmine Urquhart
clock 07 June 2023 • 4 min read
News Digest: Minister launches 'social justice mission' against DB schemes

News Digest: Minister launches 'social justice mission' against DB schemes

In this live blog, Professional Pensions brings together all the latest news about pensions from across the financial media.

Professional Pensions
clock 07 June 2023 • 1 min read
The company is looking to float in London in the next 18 months to four years.

Chrysalis-backed Smart eyes future London IPO

Company tipped to float on London Stock Exchange in the next few years

clock 07 June 2023 • 1 min read
Trustpilot