Torsten Bell says the government will legislate later this year to allow for multi-employer and decumulation-only CDC models.
In its Annual Funding Statement, the regulator clarified aspects of covenant assessments to help trustee boards through the first valuations under the new funding regime.
Industry commentators have welcomed the recommendation from the regulator to engage early with sponsors over the potential release of DB surpluses.
The regulator’s latest Annual Funding Statement shows strong funding across most of the DB sector, but it says recent volatility means trustees should maintain focus on robust endgame planning.
Pension schemes will have to be able to facilitate automatic consolidation of pension pots smaller than £1,000 from 2030, under proposals set out by the government today.
TPR has sought to clarify its expectations and address misconceptions around superfund transactions ahead of the Pension Schemes Bill and potential new entrant to the sector.
Pension insurers could soon be given new investment flexibilities designed to boost their ability to allocate to UK assets – a move that could improve bulk annuity pricing.
The Treasury has reappointed Nikhil Rathi as chief executive officer of the Financial Conduct Authority and tasked him with fully embracing its “international competitiveness and growth objective”.
The Pensions Regulator and the Pension Scams Action Group have developed an artificial intelligence tool to help identify and shut down websites that are attempting to defraud people of their pension savings.
A new report exploring the “pensions powerbrokers” has called for the government to pay more attention to the views of professional, independent and member-nominated trustees.
Professional trustees and other industry experts have been responding to the Pensions Regulator’s plans to formally regulate professional trustee firms.
The Social Market Foundation has set out recommendations for the government to make releasing surplus assets from DB pension schemes more attractive and secure.