In 2017, the Department for Work and Pensions (DWP) published a Green Paper on DB Schemes: Security and Sustainability. The paper examined the drivers behind the lack of confidence in the pensions protection framework and proposed a wide range of potential remedies.
In its analysis, the Paper echoed some of the analysis of the PLSA’s DB Taskforce – set up by the PLSA to assess the challenges facing the sector.
The DWP has now published its White Paper follow-up document on Protecting Defined Benefit Pension Schemes, which sets out the Government’s proposals for the future of the DB framework.
We will be actively seeking member views over the coming months to inform our response to the White Paper and associated consultations. If you would like to share any views or discuss this further, please contact [email protected].