Option 3 proposed imposing a £10,000 additional charge on smaller schemes
Package of measures were announced yesterday in the Autumn Statement
Letters were sent to TPR and FCA following Autumn Statement
Regulator says reforms must be guided by a ‘consensus’ on what good outcomes look like
PP’s regular columnist says the regulatory budget needs halving not doubling
Sponsors concerned DB schemes will impact dividends and corporate activity
Superfund will provide £30m of ring-fenced ‘buffer’ funding as part of the transaction
TPR will hold roundtables on decumulation principles early next year
PASA chair says prioritise admin now, whether or not a regulatory framework is in place
Former motorcycle business owner left three schemes with combined £10m shortfall