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DB White Paper promises slow progress on three fronts

Our viewpoint

On 19 March 2018 the Department for Work and Pensions published “Protecting Defined Benefit Pension Schemes” – a relatively short paper produced in response to February 2017’s Green Paper and taking on board Conservative Party manifesto promises from last year’s General Election.

The White Paper divides into three principal areas – a stronger Pensions Regulator, improving the scheme funding process and the prospect of facilitating consolidation of the DB pension sector in order to better manage the run off of DB liabilities.  There is a fourth section which sweeps up a miscellany of issues, before a final chapter examines how the Government’s proposals are to be put into action.

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