Government will launch a formal consultation on legislation to overhaul section 75 debt regulations over the summer, the DWP has confirmed to PP.
The department said it hoped the legislation, which will amend Section 75 of the Pensions Act 1995, would come into force in October and would ease the employer debt rules for firms in the process of restructuring....
The Pensions Regulator (TPR) is focusing on reducing the number of "poorly-run" schemes as it seeks to improve standards across the board.
Prudential Retirement has completed around $2.6bn (£2bn) of reinsurance contracts for UK pension scheme longevity risk since the start of the year, it has disclosed.
Funding standards for DB schemes have increased exponentially over the past decades. Con Keating says such significant overstatement of liabilities will lead to pushback through the courts.
PP has compiled a list of what to watch out for over the coming months.