UK pensions regulator presses DC schemes on value and DB trustees on surplus
The Pensions Regulator (TPR) has urged pension trustees to determine the long-term future of defined benefit (DB) schemes and prepare for new requirements on value for money and retirement income in defined contribution (DC) schemes. Speaking at an industry event, TPR chief executive officer Nausicaa Delfas said the regulator wanted to see fewer, larger, well-run pension funds delivering security and value in a pensions system geared towards providing a sustainable income in retirement. To achieve this, she urged trustees to make...
