Sackers comments DB white paper response survey
Tom Jackman, associate director, speaks to Professional Pensions following the publication of a research study produced by Taylor Wessing, ‘Pensions in Restructuring Survey 2018’, which focused on the industry’s responses to some of the standout proposals of the DB white paper.
Jackman commented that he expected the Pensions Regulator would be pleased to see that the study found strong support for the DWP proposal to have a statement of intent in appropriate circumstances, rather than a requirement to obtain clearance.
Although he cautioned, “…defining ‘appropriate circumstances’ won’t be easy. A wide definition risks being unduly burdensome for commercial parties, but a narrow definition could allow a genuinely problematic transaction to slip through the net.”
Read the full comment and article in Professional Pensions.