Pensions Watchdog Rejects Criticism Over Funding Reform

Law360, London (May 18, 2020, 2:35 PM BST) -- The Pensions Regulator said on Monday it "strongly disagrees" with critics of its proposed funding overhaul for defined benefit schemes, as advisers warn that industry support for the changes is weakening.

David Fairs, executive director of regulatory policy at the regulator, said in a blog that the COVID-19 pandemic means the need for changes in funding is needed "now more than ever."

TPR launched a consultation at the beginning of March on proposed changes to the DB funding code, which would see some defined benefit retirement schemes requiring greater oversight before their funding plans are signed off.

The changes initially received...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Related Sections

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!