The final statement on how the Pensions Regulator plans to regulate the funding of defined benefit schemes has been broadly welcomed by industry bodies following some minor changes.
Following a consultation which ended in January, the Pensions Regulator revealed there was very little disagreement with the framework it suggested, with broad support for the use of filters or “triggers” to help identify schemes more at risk. But it says the consultation did lead to suggestions on how the triggers could be refined and clarified to meet the regulatory objectives, adding a number of changes have been made to the scheme funding statement as a result. The Regulator says it wants to make it clear it will continue to use a risk-based approach to regulation, focusing on the t...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
