On 2 September, our first consultation on defined benefit (DB) funding is closing. We want your input to help shape the foundations of how we regulate DB schemes for many years to come.
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COVID-19 continues to challenge the pension industry. Charles Counsell, The Pensions Regulator’s Chief Executive, explains what defined benefit trustees can expect from the regulator and how to prepare as the economic impact of the coronavirus continues to hit schemes and sponsoring employers.
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Over the last few weeks, calls have been made for us to rethink or abandon the first consultation on our draft DB funding code. The arguments are that it was written in different, more benign, economic conditions and it is now out of place.
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For much of the twentieth century, private or workplace pensions meant defined benefit.
Making workplace pensions work and protecting savers is at the heart of what we do.
Making workplace pensions work is at the heart of what we do, but it’s also the job of those who fund and manage pension schemes.
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