PLSA says DB funding code implementation should be delayed by six months

Delay would give schemes time to prepare and ensure regulatory certainty

Jonathan Stapleton
clock • 2 min read
PLSA director of policy and advocacy Nigel Peaple: "it makes sense to take a few more weeks now, in order to get things right for the future"
Image:

PLSA director of policy and advocacy Nigel Peaple: "it makes sense to take a few more weeks now, in order to get things right for the future"

The Pensions and Lifetime Savings Association (PLSA) has called for implementation of the new defined benefit (DB) funding code should be pushed back to April next year.

The trade body's response to The Pensions Regulator's draft DB funding code consultation - published today (24 March) welcomed the additional flexibility in the draft code, particularly around the ...

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 Legislation

Industry uncertain about LTA implementation, survey says

Industry uncertain about LTA implementation, survey says

LTA removal sparks concern about implementation, member communications and scheme benefit design

Jasmine Urquhart
clock 09 February 2024 • 2 min read
AMNT backs standardised vote reporting legislation

AMNT backs standardised vote reporting legislation

AMNT backs bill amendment requiring standardised reporting to schemes

Jasmine Urquhart
clock 30 January 2024 • 2 min read
Legal Review: LTA abolition… an administrative headache?

Legal Review: LTA abolition… an administrative headache?

Jill Clucas looks at how calculating new LTA rules could pose a new challenge for schemes ahead of ‘L-Day’

Jill Clucas
clock 11 January 2024 • 4 min read
Trustpilot