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ARTICLE · 18 MAY 2018

What's Happening In Pensions - May 2018

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The government has published its white paper on "Protecting defined benefit pension schemes", covering its proposals for:

United KingdomEmployment and HR
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DB WHITE PAPER AND CONSULTATION ON CORPORATE GOVERNANCE

DB white paper

The government has published its white paper on "Protecting defined benefit pension schemes", covering its proposals for:

  • new Pensions Regulator anti-avoidance powers and a criminal offence of wilful or grossly reckless behaviour in relation to a pension scheme;
  • changes to scheme funding rules and the Pensions Regulator's code of practice; and
  • new DB scheme consolidation options.

The white paper also says that the government has for the rime being ruled out a legislative override of scheme rules to change revaluation and/or indexation measures (eg, from RPI to CPI) but that it will keep this under review.

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