Richard Jones: The three Rs of pensions (regulation, regulation, regulation)

Is it all getting too much?

clock • 4 min read

Richard Jones looks at the burden of regulation on smaller DB schemes and says advisers should talk to business owner clients about their options in relation to final salary pensions...

The latest CBI/Mercer Pensions Survey highlights that UK employers expect the direct costs of running a defined benefit (DB) scheme to increase and that more of their time and resources will be spent completing administrative tasks to comply with new DB regulation. The survey revealed that one in three employers (33%) expect cash contributions to increase due to the introduction of the new DB Funding Code of Practice, which is expected to be subject to further consultation this year. Despite their concerns, more than three quarters (76%) of pension managers who think the new DB Fundin...

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 Pensions

Why documentation is king in the world of SSAS

Why documentation is king in the world of SSAS

'SSAS documentation - it isn't just best practice or a fiduciary requirement'

Caitlin Southall
clock 04 July 2025 • 4 min read
Steve Webb: Sceptical advisers should not give up on pensions dashboard

Steve Webb: Sceptical advisers should not give up on pensions dashboard

‘A big mistake to underestimate the impact it will have’

Jenna Brown
clock 03 July 2025 • 3 min read
What role can advisers play in closing the gender pension gap?

What role can advisers play in closing the gender pension gap?

Advisers are uniquely placed to influence the gender pension gap

Olivia Perry
clock 02 July 2025 • 7 min read