10 February 2014
Macfarlanes response to pensions regulator's consultation
Macfarlanes has responded to the Pensions Regulator's consultation on its framework for regulating defined benefit pension schemes. The consultation covered a revised code of practice, regulatory strategy and regulatory policy in relation to defined benefit funding.
The revision of the code of practice, last issued in 2006, is prompted by the Regulator's new statutory objective for scheme funding on sustainable growth "to minimise any adverse impact on the sustainable growth of an employer" in the Pensions Bill 2013.
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