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TPR urged to simplify reporting requirements for well-funded DB schemes


By Jack Gray

The Pensions Regulator (TPR) should consider a ‘proportionate approach’ to collecting information about well-funded defined benefit (DB) schemes, with the funding regime primarily seen as a compliance exercise rather than a driver of change, according to the Association of Consulting Actuaries (ACA).

Its research of 156 scheme actuaries highlighted that most DB schemes were already well funded and clear on their long-term plans, leaving the funding regime as an administrative task adding to schemes’ workloads


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James Neill Pension Plan completes UK’s second ever capital-backed pension transaction

The James Neill Pension Plan has completed a capital-backed investment (CBI) transaction with Portunes Pension Capital, marking the second capital-backed funding deal in the UK pensions market

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Trustees warn DB pension surplus release pressure could conflict with fiduciary duty

All professional trustees surveyed by Barnett Waddingham (BW) believe there is increasing pressure from the government or sponsoring employers to use defined benefit (DB) pension scheme surpluses in ways that could conflict with their fiduciary duties to members

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Don't miss out: Irish Pensions Awards 2026 entries remain open

There is still time to showcase your achievements, as the entry deadline for the Irish Pensions Awards 2026 has been extended

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AI is a governance challenge, not a regulatory one - Cartwright

The growing use of artificial intelligence (AI) across pension scheme operations should be viewed primarily as a governance challenge rather than a new regulatory risk for trustees, Cartwright Pension Trusts has argued

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STEP calls for reform of 'fundementally flawed' IHT changes

The Society of Trust and Estate Practitioners (STEP) has called on the government to simplify planned inheritance tax (IHT) changes for pensions, warning that the proposed framework could create delays, increase costs, and place significant burden on bereaved families and executors

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TPR expects further DB endgame innovation amid strong funding levels

The Pensions Regulator (TPR) has said it wants to support innovation while ensuring appropriate risk levels, amid expectations of further defined benefit (DB) scheme endgame developments due to strong funding positions

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