DB consolidation

James Phillips says superfunds will provide a good alternative in the right circumstances

Clearance applications and statutory notices to members will push transfers to Q2

DB consolidator says ‘major milestone’ will allow schemes a share of strategy control

Approval comes nearly 18 months after interim regime was launched

Move come as consolidator prepares to conduct first transactions

DB scheme consolidator Stoneport hopes to get 100 schemes signed up by the end of next year, but employer covenant will be vital, chief executive Richard Jones tells James Phillips.

Caroline Kurup explores the latest TPR guidance on superfund transfers and what scheme trustees should be considering

Pension scheme trustees and sponsors should only seek to transfer members’ benefits to a defined benefit (DB) consolidator if there is no “realistic prospect of buyout in the foreseeable future”, The Pensions Regulator (TPR) says.

A second pensions bill is likely during the “life of this parliament”, according to pensions and financial inclusion minister Guy Opperman.

A burgeoning superfund market could be on the cards within three years as defined benefit (DB) scheme trustees and sponsors face myriad legislative, economic, and capacity issues, says Lane Clark & Peacock (LCP).