We are the voice of insurance and long-term savings | Contact us

ABI comment on The Pensions Regulator naming the first DB Superfund

Today The Pensions Regulator (TPR) announced the first DB Superfund to meet their standards of governance and administration. 

Yvonne Braun, Director of Long-Term Savings and Protection at the Association of British Insurers said:

YvonneBraun500x500.jpg“Trustees of schemes have one shot when planning for a scheme’s endgame, they need to get it right and ensure scheme members are front and centre of any decision. TPR is right to expect to scrutinise every application, as the current guidance is part of an interim regulatory regime that is not prescriptive enough. It reinforces the need for robust new legislation to ensure that workers have the high level of protection they expect for their pension.”

Last updated 30/11/2021