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ARTICLE · 07 FEBRUARY 2024

Pensions Regulator Includes Additional Questions On Liquidity And Leverage Arrangements On DB And Hybrid Scheme Return

The Regulator has updated the questions in the DB and hybrid scheme return for defined benefit and hybrid pension schemes

United KingdomEmployment and HR

The Regulator has updated the questions in the DB and hybrid scheme return for defined benefit and hybrid pension schemes

New questions have been added for this year's return relating to:

  • The appointment of fiduciary managers and investment consultancy providers. This is to enable the Regulator to monitor compliance with requirements for trustees of relevant trust schemes to run a competitive tender process when appointing fiduciary managers in relation to 20 per cent or more of scheme assets and to set (and review) strategic objectives for their investment consultancy provider. This is the facility for the Regulator to collect the relevant information originally mandated by the Competition and Market Authority's 2019 Order.

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