MPs to launch major inquiry into future of DB schemes

The committee is already investigating the current state of pension regulation as well as the collapse of BHS and its pension scheme's fall to the Pension Protection Fund. The government is also investigating whether to reduce the pension entitlement of 130,000 British Steel workers. MP and committee chairman Frank Field (pictured) said it is, therefore, necessary to have a fresh inquiry which considers the status of DB pensions in their entirety. The probe will consider radical solutions to the problems faced by companies with significant DB liabilities. "The select committees' in...