Trustees warned on DB abandonment

Following concerns it first raised in October on scheme abandonment, the Regulator has issued trustee guidance and a 47-page discussion paper to ask for views from the industry on its plans to regulate possible instances of scheme abandonment, and the factors trustees should consider when looking at proposed transactions. In the document the Regulator debates the available methods open to schemes to manage the risks to their DB schemes, such as the buy-out of liabilities by insurers, and the use of contingent assets. But while the Regulator says trustees have the prime responsibility fo...