Defined benefit white paper delayed to spring

No definitive date

clock • 1 min read

The government's white paper on defined benefit (DB) security and sustainability has been delayed until spring, it has confirmed.

The announcement was made by pensions and financial inclusion minister Guy Opperman in parliament on 11 January during a debate on the beleaguered Plumbing and Mechanical Services (UK) Industry Pension Scheme. The Department for Work and Pensions (DWP) had originally planned to publish the paper in the winter, announcing the timeline last July. And, speaking at the Pensions and Lifetime Savings Association (PLSA) annual conference in October, DWP director for private pensions and stewardship Charlotte Clark indicated it was expected to be published by the end of February. However, Opp...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Retirement

PA360: Crucial advisers can spot all vulnerability characteristics

PA360: Crucial advisers can spot all vulnerability characteristics

‘It is highly likely people in decumulation will have a vulnerability’

Hope Coumbe
clock 26 April 2024 • 1 min read
Inflation shocks driving another long uptick in annuity sales

Inflation shocks driving another long uptick in annuity sales

‘Customers should be careful that this is the right decision for them’

Hope Coumbe
clock 23 April 2024 • 1 min read
Advisers warn market volatility will threaten retirement plans

Advisers warn market volatility will threaten retirement plans

More than half expect clients to postpone or change plans

Isabel Baxter
clock 26 March 2024 • 2 min read