UK's final salary pensions 'were not and are not' at risk of collapse, says pensions regulator

Jonathan Stapleton
clock • 1 min read

The Pensions Regulator (TPR) has moved to reassure savers that defined benefit (DB) pension schemes are safe after a number of media sources reported of their imminent collapse in the run-up to the Bank of England's gilt market intervention. Speaking at the Pensions and Lifetime Savings Association's annual conference yesterday (13 October), TPR chief executive Charles Counsell said newspaper headlines such as those suggesting pension funds "almost collapsed amid market meltdown" or were "hours from disaster" were simply not true. He said: "Following recent media coverage, I think it ...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login