TPR

Royal Mail Collective Pension Plan becomes UK first collective defined contribution scheme

BofE buffer recommendations for LDI funds, and TPR launches guidance on EDI

Detailed TPR regulations and stress testing update will be needed

The Financial Policy Committee also says that TPR should have financial stability objective

Regulator suggests trustees should be selected rather than elected to boost board diversity

Industry supports joint effort from DWP, TPR and FCA to assess value for money

Regulator says it will take data-driven approach to value for member assessments

The decision could have implications for both the members and the schemes

Jon Forsyth says regime looks unlikely to be in place by the end of this year

TPR’s Neil Bull said schemes should have regular valuations and be aware of liquidity