Pensions Regulator warns against hybrid pension schemes

A poll of 150 schemes with a combination of defined benefit (DB) and defined contribution (DC) features suggested trustees did not always understand their scheme's structure and the benefits it offered. This lack of understanding increased the risk of members receiving misleading communication or incorrect retirement benefits, the watchdog warned. TPR's poll also said half of schemes mixed their DB and DC assets together in the same bank account or investment fund, and in some cases these were not identified separately. From November the regulator said it will ask additional questi...