Subscribe to our newsletter

Regulator issues guidance on £170bn pension ‘superfunds’

The Pensions Regulator (TPR) has published new guidance for trustees and employers on transferring to defined benefit (DB) ‘superfunds’, as PwC research suggests up to one million pension scheme members and £170bn of assets could take this route over the next decade.

Regulator issues guidance on £170bn pension ‘superfunds’
smsfadviser logo
  • Shared by Accountancy Daily
  • October 23, 2020
share this article

DB superfunds offer a way for employers to consolidate existing schemes, by replacing the sponsoring employer with a capital-backed vehicle or a special purpose vehicle (SPV). They create a large retirement savings fund which includes different company schemes, meaning participating employers are no longer liable for member benefits.

Read more at the Accountancy Daily

Receive the latest Financial Accountant news,
opinion and features direct to your inbox.

related articles