White paper reform could reduce DB deficits

In the white paper: Security in Retirement, the government stated they would be launching a “rolling deregulatory review” of pensions regulation which would form part of the Department for Work and Pensions simplification plan to be published later this year. As a result, it said it may be possible to “remove, merge or simplify many of the layers of legal requirements introduced in and since the 1995 Pensions Act, and could include re-examining the provisions” on topics including payments to employers where surplus funds exist. Although the white paper is vague on what the review will act...