Banks prepare to split schemes under ring-fence reforms

Rachel Dalton finds out how reforms will require banks to restructure their schemes

clock

The Financial Services (Banking Reform) Bill, currently in its House of Lords report stage, requires banks to separate their retail and investment businesses by 2025. Lawyers warn banks should start planning now.

Reform Employers in multi-employer DB schemes, as used by banking groups with their many interlinked businesses, are allowed to take on the liabilities of other scheme sponsors. The governme...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

TPR updates guidance to help those making third-party applications

TPR updates guidance to help those making third-party applications

Application process improved for use of certain pension powers

Jonathan Stapleton
clock 07 May 2025 • 1 min read
Government urged to compel 25% UK investment as 'quid pro quo' for tax relief

Government urged to compel 25% UK investment as 'quid pro quo' for tax relief

Baroness Altmann says bold reform will be a radical game-changer for UK growth

Jonathan Stapleton
clock 06 May 2025 • 2 min read
Pensions minister rules out retrospective change after HoC debate on clawback

Pensions minister rules out retrospective change after HoC debate on clawback

MPs say pension integration ‘is a relic from the past and needs to be abolished’

Jonathan Stapleton
clock 24 April 2025 • 5 min read
Trustpilot