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ARTICLE · 28 JULY 2020

DB Superfunds – A Viable Endgame?

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The Pensions Regulator recently published guidance for supervising the consolidation of defined benefit pension schemes into superfunds.

United KingdomEmployment and HR
Helen Parrott
Helen Parrott
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The Pensions Regulator recently published guidance for supervising the consolidation of defined benefit pension schemes into superfunds. The guidance provides an interim framework for the regulation of superfunds, prior to a statutory framework being put in place.

It's a step towards establishing a superfund industry which could be a viable endgame option for certain schemes in the future.

What is a superfund?

Superfunds consolidate assets from various pensions schemes aiming to benefit from economies of scale and manage the money more efficiently.

An employer's link with a pension scheme ceases after the transfer to a superfund.

So for employers wishing to offload their defined benefit pension obligations, where the cost of buy-out with an insurance company is beyond reach, they are an attractive option.

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