Darren Redmayne from Lincoln Pensions outlines the regulatory and guidance framework that could help facilitate safe transfers to commercial consolidators, and the steps defined benefit trustees might take in the interim.

From the blog: After its meeting on September 14, the Monetary Policy Committee issued its strongest guidance yet that it expects to raise interest rates from their historic 10-year low. 

Gilt yields, which are often used as the basis to measure defined benefit pension liabilities, have been driven lower by loose monetary policy and have caused UK DB pension deficits to swell to around £460bn.

So, will rising interest rates save the day for DB pensions? Sadly, probably not.

Lincoln Pensions' Darren Redmayne outlines the key changes being made by the Pensions Regulator in its dealings with schemes, and argues that resources and new powers will be vital to its continued success.

For corporates, pension funding is an issue that just will not go away, so perhaps it is time for some fresh thinking before embarking on any more rounds of discussions with their trustees.