Options for Defined Benefit schemes

News Employment & labor English Consultations

Date: 23rd Feb, 2024 Source: Department for Work and Pensions Country: United Kingdom Original Source

Brief

Summary:

The Department for Work and Pensions, along with Paul Maynard MP and The Rt Hon Mel Stride MP, has launched a consultation on the private sector Defined Benefit pensions system. The aim is to introduce reforms that balance the interests of scheme members, sponsoring employers, and the wider economy. The consultation proposes measures to enhance options for trustees while prioritizing the security of member benefits. The consultation closes on April 19, 2024, and responds can be emailed to pensions.consultations@dwp.gov.uk.

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Department for Work and Pensions

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Options for Defined Benefit schemes

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Options for Defined Benefit schemes

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