Over the past year, we have had reports from the Work and Pensions Select Committee (WPC) and The Pensions and Lifetime Savings Association's (PLSA) DB Pensions Task Force as well as a Green Paper on pensions from the Department for Work and Pensions (DWP) with recommendations for the future of DB.
The PLSA’s DB Taskforce has suggested, among other things, the radical idea that employers should be able to offload their DB scheme into merged 'superfunds' – a move that would see employers pay a fee to reduce scheme underfunding but also see member benefits cut in some cases. |