Options for Defined Benefit schemes: a call for evidence

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Summary:

The UK Department for Work and Pensions (DWP) published a call for evidence to explore innovative policy options to increase protection for defined benefit (DB) pension scheme members while supporting economic initiatives. The objective is to increase investment in productive asset classes, such as equity capital, private equity, and longer-term investments, while maintaining the stability of the gilt market. The call for evidence closed on September 5, 2023, and the government responded on November 22, 2023. Stakeholders, particularly DB schemes and their sponsoring employers, were invited to share their perspectives on how DB schemes engage with "productive finance"" and how this could change.