Covenant Quarterly Q2 2024
Options for DB schemes consultation: our perspective
On 23 February 2024, the government published a consultation on new options for Defined Benefit (DB) pension schemes. Our response set out our view that we welcome the measures that are being considered as Options for DB schemes.
The measures that the Department for Work & Pensions (DWP) is proposing would “open up” the DB market and make other options more achievable. These more flexible options should be thought of as:
- Within the current DB operating environment
- Under a commercial consolidator
- Under a public sector consolidator
This consultation seeks to address the first and third on the list (with the second arguably already addressed as part of previous reviews of consolidator operating parameters).
Read the full Covenant Quarterly Q2 2024
