BN166 - DWP White Paper - Protecting Defined Benefit Pension Schemes

Briefing Notes posted on 8 May, 2018

The Department for Work and Pensions published a White Paper in March 2018 setting out proposals to improve the protection of defined benefit (DB) pension schemes in the UK. The proposals are designed to support the Regulator’s ambition to be clearer, quicker and tougher in its regulation of DB pension schemes.

The main proposals relate to a strengthening of the Regulator’s powers and the DB funding regime, although the White Paper also sets out some proposals in relation to pension scheme consolidation.

This briefing note summarises the main proposals.