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)....
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
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 trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.