The Department for Work and Pensions' proposal to allow defined benefit schemes to self-certify may be unworkable, industry figures warn.
The consultation proposes easing regulation around meeting minimum quality requirements for DB schemes and creating an easier process for employers who contractually enrol employees (PP Online, 26 March)....
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.