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.
defined benefit pension schemes
DB funding code: It’s a matter of principle
Over the last few weeks, calls have been made for us to rethink or abandon the first consultation on our draft DB funding code. Continue reading
We can protect savers by working together
We’re all getting used to reduced freedom in the fight against COVID-19.
COVID-19 has changed the world, not our focus on protecting savers
In my last blog, I said the world had changed with a move away from defined benefit (DB) pensions.
A maturing and innovating landscape for defined benefit pensions
For much of the twentieth century, private or workplace pensions meant defined benefit.
Trustees: protect savers by ensuring they can make the best choices
Making workplace pensions work and protecting savers is at the heart of what we do.
Building relationships to protect pension savers
Last July on this blog page, I made a commitment to delivering a new regulatory approach for TPR that reflects the political and economic pressure that continues to shape the pensions world, and to ensure savers are better protected.
New powers help bring balance and confidence to pensions
Here at TPR, when we are regulating DB schemes, we have to pull off a complicated balancing act. Parliament has given us a mandate to protect pension savers and the PPF.
Protecting the DB pensions universe
In assessing the events of 2017/18, I’m reminded not just of the work of industry and TPR colleagues but of the excellence and the dedication my colleagues at the Pension Protection Fund (PPF) provide.
Why DB pensions matter
If you only had newspaper headlines to go on, you might be forgiven for thinking that private sector defined benefit (DB) pension schemes are about to reach the end of the road.
