DWF logo


DWF logo

            DWF comments on new regime for pension superfunds

            Andrew Jacobs, Head of Regulatory Consulting at DWF, comments on The Pensions Regulator launching new interim regime for emerging superfund pension market. He said:

            Date: 18/06/2020

            "This announcement is very much welcomed to reflect both the modern day financial services sector we are operating in, and in terms of meeting the common objectives of both The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) in respect of preventing consumer detriment, particularly around Defined Benefit (DB) Pension Schemes and Pension Transfers. 

            "Since the inception of Pensions Freedom, more and more control and responsibility for decision-making around pension provision has been passed back to consumers, who often do not fully understand all of the complexities of legacy pension regimes, including the features and benefits of their retirement schemes. Pension Fund consolidation and the advent of new Superfunds is likely to preserve funding levels on DB Schemes, maintain cost efficiencies and would mean that there is reduced risk of consumers wanting to take transfers between schemes. It also gives TPR the opportunity to apply some fresh thinking to the regulatory approach around the consolidation of DB schemes, rather than having to shoe-horn existing regulations to fit the need. The developments should be positive step forward for all concerned."

            Related people

            Andrew Jacobs

            • Partner and Head of Regulatory Consulting

            We use cookies to give you the best user experience on our website. Please let us know if you accept our use of cookies.

            Manage cookies

            Your Privacy

            When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. We mainly use this information to ensure the site works as you expect it to, and to learn how we can improve the experience in the future. The information does not usually directly identify you, but it can give you a more personalised web experience.
            Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change permissions. However, blocking some types of cookies may prevent certain site functionality from working as expected

            Functional cookies


            These cookies let you use the website and are required for the website to function as expected.

            These cookies are required

            Tracking cookies

            Anonymous cookies that help us understand the performance of our website and how we can improve the website experience for our users. Some of these may be set by third parties we trust, such as Google Analytics.

            They may also be used to personalise your experience on our website by remembering your preferences and settings.

            Marketing cookies

            These cookies are used to improve and personalise your experience with our brands. We may use these cookies to show adverts for our products, or measure the performance of our adverts.