Guidance

DWP green paper - Defined Benefit pension schemes: a GAD technical bulletin

On 20 February, the Department for Work and Pensions (DWP) published a Green Paper on ‘Security and Sustainability in Defined Benefit Pension Schemes’.

Documents

DWP Green Paper - Defined Benefit pension schemes: a GAD technical bulletin

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Details

This bulletin sets out the context in which the Green Paper has been published and summarises some of the key areas where DWP are seeking views.

Defined Benefit pension schemes in the UK private sector (DB schemes) remain a significant source of retirement income, with around 11 million members and assets of £1.5 trillion. Recent issues concerning the pension provision of high profile employers have led to renewed interest in the funding and regulatory framework of DB schemes. DWP’s Green Paper presents a wide-ranging review of the current framework, posing a number of questions about issues and options for the future.

Published 20 February 2017