Welcome guidance from The Pensions Regulator gives confidence in transferring to a superfund

The Pensions Regulator has today launched 'tough new interim regime for emerging superfund pension market' which will give employers and trustees confidence in the viability of another choice for securing members' benefits. Amanda Latham welcomes the guidance.

Amanda Latham, Policy and Strategy Lead at Barnett Waddingham, said; “We believe that superfund consolidation vehicles offer a genuine endgame option for schemes where buyout is perhaps out of reach, so we are pleased to see that TPR’s interim regime has been published during the COVID-19 pandemic.

“The guidance will give employers and trustees, who may be facing uncertain outcomes, confidence in the viability of another choice for securing members’ benefits. Trustees considering transferring to a superfund can be confident knowing TPR will be supervising these new arrangements.”

“There are a number of areas where TPR will issue further guidance in the coming months and we look forward to seeing how this market develops, both in terms of transactions starting to take place and seeing more new entrants emerge."