The Department for Work and Pensions' (DWP) recently launched consultation on defined ambition (DA) will unquestionably encourage many corporate sponsors to continue to support their current defined benefit (DB) schemes.
Others will see the flexibility proposed as a route to reducing their costs. As benefits are made more flexible the cost of buy-out becomes more manageable. Lower premiums on offer from insurers as a result...
This week's edition of Professional Pensions is out now.
The government is in talks with the UK and Irish pensions regulators over how to protect members of cross-border schemes in the event of a no-deal Brexit.
The equalisation of guaranteed minimum pensions (GMPs) is at least two years away from being completed, and could take longer than four years for some schemes, a poll has found.
The Pensions Regulator will consider if schemes should be required to have professional trustees and assess the case for greater regulation of administrators and system providers, PP can reveal.