Deregulatory review too cautious - Punter Southall

The consultancy’s comments follow criticisms that the external reviewers’ recommendations are weak. Jane Beverley, principal and head of research at Punter Southall, says the review’s recommendations concerning employers show particular caution. She says: “One of the most positive recommendations from the external reviewers was to suggest that trustees and employers should be allowed to reach agreement on circumstances in which a surplus could be refunded in a scheme that was fully funded on the statutory funding objective. “It is a shame that the DWP has not felt able to introduce thi...