Industry welcomes 'detailed' DWP superfund plans but identify affordability issues

Kim Kaveh
clock • 2 min read

The industry has welcomed the Department for Work and Pensions' (DWP) consultation on defined benefit (DB) consolidation as a way to address scheme covenant issues.

In its consultation, launched on 7 December, the DWP set out plans for an authorisation and supervision regime for consolidators, with a proposal to mandate them to demonstrate at least a 99% chanc...

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