Industry Responds to White Paper on DB pension schemes

Trustees Agenda posted on 28 March, 2018

There has been a positive reception to the Government's White Paper on protecting DB pension schemes with industry leaders lending their support to the Government's commitment to review and reform aspects of DB governance in order to better protect members from another BHS or Carillion-esque scenario.

As Tom McPhail of Hargreaves Lansdown noted: 'It is worth noting in the consultation the Government has reiterated the view there is no systematic problem with the regulatory and legislative framework governing defined benefit pensions: this is about improvement rather than root and branch reform.'