The National Association of Pension Funds (NAPF) commented on The Pensions Regulator’s (TPR) consultation on defined benefit (DB) regulation published today (Monday).
Helen Forrest, NAPF Head of Policy and Research, said:
“We are pleased to see that The Pensions Regulator recognises that collaboration between employers and trustees is crucial in establishing viable, long-term funding plans for DB schemes. We also note the Regulator’s focus on a more integrated approach outlined in the draft code. These are both areas that the NAPF has made clear required more flexibility.
“The NAPF will respond in full to the consultation and will also arrange meetings between the Regulator and a number of our members, to ensure that the principles-based approach of the code can be clearly applied and understood by different types of schemes, such as multi-employer and charity schemes.”
Notes to editors:
1. The NAPF is the leading voice of workplace pensions in the UK. We speak for 1,300 pension schemes with some 16 million members and assets of around £900 billion. NAPF members also include over 400 businesses providing essential services to the pensions sector.
Lucy Grubb, Head of Media and PR, 020 7601 1726 or 07713 073023, [email protected]
Dee Sullivan, Communications Adviser, 020 7601 1717, [email protected]