The Pensions Regulator's (TPR) defined benefit (DB) code of practice has been dismissed as ‘500 pages of garbage' by BESTrutees chairman and former non-executive director at the watchdog Alan Pickering.
Pickering said schemes had been "lumbered" with the code, which incorporates a new objective for the regulator to minimise the impact of scheme funding on employer growth, after businesses successf...
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