Pensions Bill: No surprises on superfunds, but 2028 date will be frustrating for current market participants
Pensions & benefits Endgame strategy and journey planning DB pensions Pension Schemes Bill Corporate strategy
Commenting on the detail in today's Pensions Bill aroud superfunds, Laura Amin, Co-Head of Consolidation, LCP, said:
"There are no surprises in the Bill itself when it comes to superfund regulation, although the expected date of 2028 for the regulations to be fully up and running will likely be frustrating for current participants. However, the accompanying Roadmap issued today gives clarity and a sense of the key role that the Government expects superfunds to play in the future DB landscape."
Jonathan Griffith, Head of Endgame Innovation, LCP added:
"We welcome the reference to wishing to see this market 'thrive' as it sets a positive tone for where superfund regulations may land. It indicates there is strong government intention to make this market more accessible for future entrants leading to increased choice and flexibility for pension schemes, and ultimately better projected outcomes for members.
