UK Pension Regulator Issues New Guidance to Employers and Trustees for Pension Risk Transfers to “Superfunds”
By EsqSocial Corporation 28/10/20
For some time, the UK has been working to implement the concept of “superfunds” to consolidate defined benefit (“DB”) plans. We wrote about this early on here. In essence, a superfund would be akin to a collective defined benefit plan, and a plan transferring assets and liabilities to superfund would relieve the employer of the pension liabilities, at a cost expected to be less than that of a “buyout” or transfer to an insurance company. For that reason, once up and running – no transfers have...
By: Groom Law Group, Chartered