The Pensions Regulator (TPR) must be given more targeted powers but maintain flexibility around defined benefit (DB) scheme funding, concludes a survey by the Association of Consulting Actuaries (ACA).
Nearly three-quarters of 349 employers surveyed by the trade body said the watchdog needed more powers to help protect DB members, but that these should target "unscrupulous employers" rather than toughen...
This week's top stories included the Department for Work and Pensions issuing two separate consultations on the pensions dashboard and defined benefit consolidation.
A regime similar to that for defined contribution (DC) master trusts will be set up for regulating defined benefit (DB) consolidators under plans announced today.
Defined benefit (DB) superfunds that wish to enter the market must talk to The Pensions Regulator (TPR) about their plans before opening for business.