The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach
The words 'prudent' and 'appropriate' are vital in deciding the assumptions used for measuring the liabilities of a defined benefit (DB) scheme. Yet, legally, these terms are undefined and it is incumbent...
This week's top stories included proposed draft regulations in a no-deal Brexit which would make scheme investments illegal, and Esther McVey's resignation as secretary of state.
There have been a total of 15 ministers responsible for pensions since 1997. Here is the list in full.
The long-term nature of pensions makes funds more awake to short-termism, says industry.