The Pensions Regulator aims to strengthen defined benefit scheme funding in 2007 and 2008, according to its annual report.
The Pensions Regulator says it will produce and update policies and guidance aimed at strengthening defined benefit funding, and communicate guidance to stakeholders.
The body will also work with industry and other regulatory bodies to improve education and guidance for defined contribution scheme members. The plans include publishing the Purple Book, a guide to the development of regulatory responses.
Other aims in the report include tackling the confusion of defined benefit scheme risks by finalising regulation and publishing a consultation paper later in the year. The Regulator will continue its work with the Financial Services Authority (FSA) to develop and implement an approach to contract-based schemes.
It will also support developments in government pensions legislation and policies relating to deregulation to streamline the regulatory framework. The report also says it will step up its role in influencing developments in international forums.
To comment on this story contact:
Tel: 020 7034 2679
E-mail: [email protected]
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till