DB sponsors fall short on Pensions Act understanding

Sponsors concerned DB schemes will impact dividends and corporate activity

Jasmine Urquhart
clock • 3 min read
Hymans Robertson report says more DB sponsors need to be aware of the Pension Schemes Act 2021 requirements
Image:

Hymans Robertson report says more DB sponsors need to be aware of the Pension Schemes Act 2021 requirements

Defined benefit (DB) sponsors are falling short on their understanding of the Pension Schemes Act 2021, a report from Hymans Robertson finds.

The report - which surveyed 250 senior managers, chief financial officers and finance directors of firms with DB pensions - found two in five (40%) were not familiar with the act's requirements, wh...

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

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Law and Regulation

Budget IHT move a 'major adverse change' to the tax treatment of UK schemes

Budget IHT move a 'major adverse change' to the tax treatment of UK schemes

Fieldfisher calls for clarification over scope of death benefits subject to new regime

Jonathan Stapleton
clock 31 October 2024 • 2 min read
List: The DC and DB benefits being targeted for IHT purposes from 2027

List: The DC and DB benefits being targeted for IHT purposes from 2027

Treasury docs reveal the extent of plans to include pension death benefits in IHT regime

Professional Pensions
clock 30 October 2024 • 1 min read
PPF publishes s143 valuation assumptions consultation response

PPF publishes s143 valuation assumptions consultation response

PPF confirms ‘marginally overfunded’ schemes will be able to use discount rate for s143 valuations

Martin Richmond
clock 29 October 2024 • 2 min read
Trustpilot