DWP consults on forcing TPR to consider affordability of recovery plans for sponsors

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The Department for Work and Pensions has launched a consultation on creating an objective for the Pensions Regulator to consider the long-term affordability of deficit recovery plans for defined benefit schemes' sponsors.

The intention to consult on the issue was announced during the Autumn Statement (PP Online 5 December 2012). At the time, Chancellor George Osborne said the government "is determined to ensure t...

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