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Protecting DB pension schemes: is it working?

Protecting DB pension schemes: is it working?

The government has issued its 'Protecting defined benefit pensions schemes' white paper – somewhat sooner than expected.

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Protecting defined benefit pension schemes: Government white paper, Broken piggy bank

The paper, ‘Protecting defined benefit pension schemes’, takes the view that the current system works well for most schemes and employers but that a tougher approach is needed for those failing to act responsibly.

Against that background, it proposes changes in three main areas:

  • Strengthening the Pensions Regulator’s powers
  • Improving the scheme funding regime
  • Consolidating schemes

Whilst it may be years before some of the proposals, particularly those requiring primary legislation have formal effect, we expect that the white paper will nonetheless drive immediate behavioural changes amongst pension scheme sponsors and trustees.

Download our 'Protecting defined benefit pension schemes' report to find out more about the paper. 

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