Industry dubious on need for DWP's DB funding proposals

Respondents to a PP poll are split on whether rules around long-term funding are necessary

Hope William-Smith
clock • 2 min read
Industry dubious on need for DWP's DB funding proposals

The industry is almost evenly split on whether it agrees the Department for Work and Pensions’ (DWP) proposed rules for the long-term viability of defined benefit (DB) schemes’ funding are necessary, a PP poll reveals.

The poll findings come after the DWP launched a consultation on 26 July proposing schemes be required to prove their long-term funding plans. The proposals also require trustees to report on their ...

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 Defined Benefit

Employer 'proactivity' needed to avoid trapped surplus

Employer 'proactivity' needed to avoid trapped surplus

Hymans Robertson says sponsors need plans to ensure efficient utilisation of surplus

Jasmine Urquhart
clock 22 May 2024 • 1 min read
UK DB profit warnings fall for first time in a year

UK DB profit warnings fall for first time in a year

EY-Parthenon report shows 18 profit warnings were issued by UK sponsors with a DB scheme

Holly Roach
clock 16 May 2024 • 2 min read
Professional Pensions' DB Funding Index

Professional Pensions' DB Funding Index

How the funding of defined benefit pension schemes is changing

Jonathan Stapleton
clock 14 May 2024 • 1 min read
Trustpilot