Galvin: 'real challenges' for one in five schemes with valuations this year

clock

The Pensions Regulator has reiterated its stance that most firms currently agreeing funding valuations will not need to significantly increase deficit recovery contributions.

But, speaking at the Society of Pensions Consultants Conference today, chief executive of the watchdog Bill Galvin admitted that one in five schemes faced "real challenges". Galvin said TPR rese...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

SPP: Government must move forward with adequacy review

SPP: Government must move forward with adequacy review

Sophia Singleton says we need the review in order to be honest with savers about what lies ahead

Sophia Singleton
clock 17 February 2025 • 3 min read
ICAEW issues guidance for accountants and auditors following Virgin Media ruling

ICAEW issues guidance for accountants and auditors following Virgin Media ruling

Professional body says auditors must consider the impact of the ruling

Jonathan Stapleton
clock 14 February 2025 • 2 min read
'More work needed' for trust-based schemes to make most of targeted support

'More work needed' for trust-based schemes to make most of targeted support

Advice Guidance Boundary Review proposals need clarification to provide trustees comfort

Jenna Brown
clock 13 February 2025 • 6 min read
Trustpilot