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Altmann tables amendment to allow life insurers to operate DB superfunds


By Callum Conway

Baroness Ros Altmann has tabled an amendment to the Financial Services and Markets Bill that would enable Prudential Regulation Authority (PRA)-authorised life insurers to establish, own or operate defined benefit (DB) superfunds outside their core insurance business.

Amendment 92, co-sponsored by Baroness Bowles of Berkhamsted, would allow a life insurer to operate a DB superfund either directly or through another company within the same group, notwithstanding Solvency UK rules that otherwise restrict insurance undertakings to insurance business


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Targeted support rules risk creating ‘two-tier’ system

Millions of workplace pension savers could miss out on targeted support because trust-based schemes currently sit outside the new regulatory framework, People’s Pension has warned

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DB scheme funding remains broadly stable in August

Defined benefit (DB) pension scheme funding remained broadly stable in August, with funding levels changing only marginally over the month, according to Broadstone’s latest Sirius Index

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Pension professionals favour flexible solutions for their own retirement income

Pension professionals have shown a preference for flexible and blended retirement approaches when asked what they would choose for their own guided retirement solution, a poll from the Society of Pension Professionals (SPP) has found

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Insight appointed to £1bn fiduciary management mandate

Insight Investment has been appointed as a fiduciary manager to a UK defined benefit (DB) pension scheme on a £1bn mandate

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News in brief - 11 September 2026

The latest news in brief and mandates from the past seven days

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Arboreum launches multi-employer CDC scheme

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