Pensions - Articles - PPF comments on DWP response to WPSC report on DB pensions


The Work and Pensions Select Committee (WPSC) published the response by the Department for Work and Pensions (DWP) to their report on defined benefit pension schemes.

 In response, a PPF spokesperson said: “We welcome the government’s response to the Work and Pensions Select Committee’s important report last year on defined benefit pension schemes. We warmly welcome DWP’s intent to make the changes we need on levy, and fresh consideration of our compensation framework, particularly pre-97 indexation, noting the challenges identified. These are top priorities for us, as we set out recently in our Strategy for the next three years.

 "We welcome the active engagement with colleagues in government and will continue to work constructively with them to progress these issues with urgency, reflecting the strength of feedback from members, levy payers and industry bodies for change.

 "We additionally welcome the government’s recognition of the role the PPF could play delivering DB consolidation – we will continue to engage and support government in their consideration of this.”

  

 The response by the Department for Work and Pensions
  

Back to Index


Similar News to this Story

ABI comment on Governments response to WPSC DB report
Following the Work and Pensions Select Committee: Defined Benefit Pensions Schemes report which was published last year, the Government has outlined t
Trump tariff turmoil makes schemes rethink FX strategies
Barry Jones, Chief Investment Officer at Isio, comments: “European pension funds holding US assets face an unprecedented challenge. The dollar has bee
Insurer supply outpaces demand as small scheme buyins boom
The UK’s DB risk transfer market is witnessing a fundamental transformation with insurer supply now outstripping demand for the first time in several

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.