Experts Warn Over Changes To UK Pensions Regulation

Law360, London (July 23, 2020, 2:20 PM BST) -- A proposed funding overhaul for defined benefit pension schemes in the U.K. could be too rigid and could damage pension schemes and savers, a report warned on Thursday, as industry support for the plan dwindles.

The Pensions Regulator, which set out the proposals in March, wants more rigorous oversight for some defined benefit retirement schemes before it signs off their funding plans. But Lane Clark & Peacock, a consulting company, warned in a report that the new regime could create an inflexible, one-size-fits-all approach to retirement planning that would not suit the domestic market.

"The defined benefit pension universe is incredibly diverse, and...

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!

TRY LAW360 FREE FOR SEVEN DAYS

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?
Beta
Ask a question!