Pensions Regulator publishes guidance on models and options in DB schemes

The Regulator has published new guidance for trustees and employers of DB and hybrid schemes, which covers running on the scheme and an overview of arrangements for improving financial outcomes, scheme governance and member security. 

The guidance also highlights the key characteristics of these arrangements and issues for consideration when assessing if they are right for a scheme. The Regulator says that some of these options may form part of endgame planning and has provided case studies to aid decision-making.

Commenting on the guidance in a blog, the Regulator’s Interim Director of Policy and Public Affairs, Patrick Coyne, said: “Ongoing market innovation has led to a wider range of financial, governance, and insurance options. Each have their own pros and cons. Not every option will be right, or even available, for every scheme. Trustees need to really think about the specific circumstances of their scheme and their members.”